The Wooster Brush Company Profit Sharing PlanProfit-sharing plan
THE WOOSTER BRUSH COMPANY PROFIT SHARING PLAN · WOOSTER, OH · plan year 2022
Employer contribution per participant · 2022
$2,669
The Wooster Brush Company Profit Sharing Plan's 2022 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 $73,541,417 across 283 participant accounts, with employer contributions averaging $2,669 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other manufacturing employers. By assets it is the 471st-largest of 3,295 plans among Ohio employers on file, and the 2,373rd of 13,661 in manufacturing.
Plan summary
Net assets, end of year$73,541,417
Participants with balances283
Active participants178
Employer contributions$475,000
Employee contributions—
Employer contribution per active participant$2,669
Average account balance$259,864
Benefits paid to participants$3,446,125
Plan auditUnmodified (clean) audit opinion
AuditorCARD, PALMER, SIBBISON & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$64.1M · 280 accts · $575K emplr
2023$70.5M · 286 accts · $475K emplr
2022$73.5M · 283 accts · $475K emplr
Employer contributions to the The Wooster Brush Company Profit Sharing Plan plan · 2022
Employer contribution per active participant$2,669
Median for plans this size$3,449
2024$3,212 per active participant
2023$2,596 per active participant
2022$2,669 per active participant
The Wooster Brush Company Profit Sharing Plan's 2022 employer contribution ran below the $3,449 median for plans its size. 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.
Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
THE WOOSTER BRUSH COMPANY PROFIT SHARING PLANProfit-sharing plan
THE WOOSTER BRUSH COMPANY PROFIT SHARING PLAN NO. 2Profit-sharing plan
Source: U.S. Department of Labor, Form 5500 series, EIN 340628460 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.