How much does Triple B Corporation contribute to its ESOP?

In 2024, employer contributions to the Triple B Corporation plan averaged $13,029 per active participant, above the $3,635 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 Triple B Corporation 401(k)?

The average participant account balance was $175,900 for plan year 2024, based on 1,360 accounts.

Triple B CorporationESOP

Name: Triple B Corporation 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

TRIPLE B CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · SEATTLE, WA · plan year 2024

Employer contribution per participant · 2024

$13,029

Triple B Corporation'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 $239,224,518 across 1,360 participant accounts, with employer contributions averaging $13,029 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 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 93rd-largest of 1,714 plans among Washington employers on file, and the 200th of 4,246 in wholesale trade. active participation has grown from 1,109 to 1,228 since 2022.

Plan summary
Net assets, end of year$239,224,518
Participants with balances1,360
Active participants1,228
Employer contributions$16,000,000
Employee contributions—
Employer contribution per active participant$13,029
Average account balance$175,900
Benefits paid to participants$19,809,025
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY US, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$239.2M · 1,360 accts · $16.0M emplr

2023$208.2M · 1,334 accts · $13.9M emplr

2022$231.7M · 1,225 accts · $18.1M emplr

Employer contributions to the Triple B Corporation plan · 2024

Employer contribution per active participant$13,029

Median for plans this size$3,635

2024$13,029 per active participant

2023$11,370 per active participant

2022$16,316 per active participant

Triple B Corporation's 2024 employer contribution ran above the $3,635 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

All plans at this employer2

TRIPLE B CORPORATION EMPLOYEE STOCK OWNERSHIP PLANESOP

TRIPLE B CORPORATION 401(K) SAVINGS PLAN401(k)

Same employer

Triple B Corporation's health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 911367461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.