The Cianbro Companies401(k) + ESOP (KSOP)
THE CIANBRO TEAM EQUITY PLAN · PITTSFIELD, ME · plan year 2024
The Cianbro Companies'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 $806,145,246 across 8,447 participant accounts, with employer contributions averaging $12,802 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 8th-largest of 354 plans among Maine employers on file, and the 79th of 5,337 in construction. In 2024, the employer put in $1.90 for every $1.00 employees contributed themselves; active participation has grown from 2,658 to 3,058 since 2022.
The Cianbro Companies's 2024 employer contribution ran above the $4,294 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 100000909 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.