How much does Thomas & Skinner, Inc. contribute to its ESOP?

In 2024, employer contributions to the Thomas & Skinner, Inc. plan averaged $7,144 per active participant, above the $2,416 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Thomas & Skinner, Inc. 401(k)?

The average participant account balance was $90,220 for plan year 2024, based on 126 accounts.

Thomas & Skinner, Inc.ESOP

Name: Thomas & Skinner, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

THOMAS & SKINNER, INC. EMPLOYEE STOCK OWNERSHIP PLAN · INDIANAPOLIS, IN · plan year 2024

Employer contribution per participant · 2024

$7,144

Thomas & Skinner, 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 $11,367,730 across 126 participant accounts, with employer contributions averaging $7,144 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 manufacturing employers. By assets it is among the smaller plans on file in Indiana (836th of 1,562), and 8,227th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$11,367,730
Participants with balances126
Active participants77
Employer contributions$550,101
Employee contributions—
Employer contribution per active participant$7,144
Average account balance$90,220
Benefits paid to participants$1,281,772
Plan auditUnmodified (clean) audit opinion
AuditorDONOVAN CPAS

Plan history3

Yearassets · accounts · employer contribution

2024$11.4M · 126 accts · $550K emplr

2023$9.7M · 125 accts · $481K emplr

2022$10.0M · 129 accts · $516K emplr

Employer contributions to the Thomas & Skinner, Inc. plan · 2024

Employer contribution per active participant$7,144

Median for plans this size$2,416

2024$7,144 per active participant

2023$6,501 per active participant

2022$6,793 per active participant

Thomas & Skinner, Inc.'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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 923301347 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.