The Sundt Companies, Inc.ESOP
THE SUNDT COMPANIES EMPLOYEE STOCK OWNERSHIP PLAN · TUCSON, AZ · plan year 2024
The Sundt Companies, Inc.'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 $1,414,023,560 across 3,868 participant accounts, with employer contributions averaging $16,442 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio fell from 0.000% to 0.000%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other management of companies employers. By assets it is the 10th-largest of 1,285 plans among Arizona employers on file, and the 36th of 786 in management of companies. active participation has grown from 1,851 to 3,225 since 2022.
The Sundt Companies, Inc.'s 2024 employer contribution ran above the $5,259 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 860923877 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.