How much does Trac-Work, Inc. contribute to its ESOP?

In 2024, employer contributions to the Trac-Work, Inc. plan averaged $21,079 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 Trac-Work, Inc. 401(k)?

The average participant account balance was $134,913 for plan year 2024, based on 224 accounts.

Trac-Work, Inc.ESOP

Name: Trac-Work, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

TRAC-WORK, INC. EMPLOYEE STOCK OWNERSHIP PLAN · ENNIS, TX · plan year 2024

Employer contribution per participant · 2024

$21,079

Trac-Work, 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 $30,220,411 across 224 participant accounts, with employer contributions averaging $21,079 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 1,538th-largest of 5,688 plans among Texas employers on file, and the 1,522nd of 5,337 in construction.

Plan summary
Net assets, end of year$30,220,411
Participants with balances224
Active participants127
Employer contributions$2,677,054
Employee contributions—
Employer contribution per active participant$21,079
Average account balance$134,913
Benefits paid to participants$2,167,188
Plan auditUnmodified (clean) audit opinion
AuditorYWRD, P.C.

Plan history3

Yearassets · accounts · employer contribution

2024$30.2M · 224 accts · $2.7M emplr

2023$28.8M · 224 accts · $2.3M emplr

2022$26.1M · 229 accts · $1.3M emplr

Employer contributions to the Trac-Work, Inc. plan · 2024

Employer contribution per active participant$21,079

Median for plans this size$2,416

2024$21,079 per active participant

2023$18,567 per active participant

2022$9,899 per active participant

Trac-Work, 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

2022$74 · 0.00%

Same employer

Trac-Work, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 751314640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.