How much does United Abrasives, Inc. contribute to its ESOP?

In 2024, employer contributions to the United Abrasives, Inc. plan averaged $9,612 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 United Abrasives, Inc. 401(k)?

The average participant account balance was $200,956 for plan year 2024, based on 120 accounts.

United Abrasives, Inc.ESOP

Name: United Abrasives, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

UNITED ABRASIVES, INC. & S.A.I.T. OVERSEAS TRADING & TECHNICAL CORP PROFIT SHARING PLAN · NORTH WINDHAM, CT · plan year 2024

Employer contribution per participant · 2024

$9,612

United Abrasives, 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 $24,114,727 across 120 participant accounts, with employer contributions averaging $9,612 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 the 496th-largest of 1,106 plans among Connecticut employers on file, and the 5,243rd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$24,114,727
Participants with balances120
Active participants101
Employer contributions$970,827
Employee contributions$0
Employer contribution per active participant$9,612
Average account balance$200,956
Benefits paid to participants$1,418,416
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & COMPANY, LLP

Employer contributions to the United Abrasives, Inc. plan · 2024

Employer contribution per active participant$9,612

Median for plans this size$2,416

United Abrasives, 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.

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United Abrasives, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 132656850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.