The Beaver Excavating Company401(k)
THE BEAVER EXCAVATING COMPANY PROFIT SHARING PLAN · CANTON, OH · plan year 2024
The Beaver Excavating Company's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $47,863,190 across 295 participant accounts, with employer contributions averaging $6,821 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 680th-largest of 3,295 plans among Ohio employers on file, and the 1,080th of 5,337 in construction. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 202 to 250 since 2022.
The Beaver Excavating Company's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 340905531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.