How much does Van Kirk Sand & Gravel, Inc. contribute to its ESOP?

In 2024, employer contributions to the Van Kirk Sand & Gravel, Inc. plan averaged $7,394 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 Van Kirk Sand & Gravel, Inc. 401(k)?

The average participant account balance was $412,412 for plan year 2024, based on 108 accounts.

Van Kirk Sand & Gravel, Inc.ESOP

Name: Van Kirk Sand & Gravel, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

VAN KIRK BROTHERS CONTRACTING EMPLOYEE STOCK OWNERSHIP PLAN · SUTTON, NE · plan year 2024

Employer contribution per participant · 2024

$7,394

Van Kirk Sand & Gravel, 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 $44,540,493 across 108 participant accounts, with employer contributions averaging $7,394 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 141st-largest of 565 plans among Nebraska employers on file, and the 1,143rd of 5,337 in construction.

Plan summary
Net assets, end of year$44,540,493
Participants with balances108
Active participants96
Employer contributions$709,817
Employee contributions—
Employer contribution per active participant$7,394
Average account balance$412,412
Benefits paid to participants$695,608
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ AND COMPANY, P.C.

Plan history3

Yearassets · accounts · employer contribution

2024$44.5M · 108 accts · $710K emplr

2023$27.2M · 109 accts · $1.0M emplr

2022$3.9M · 109 accts · $1.0M emplr

Employer contributions to the Van Kirk Sand & Gravel, Inc. plan · 2024

Employer contribution per active participant$7,394

Median for plans this size$2,416

2024$7,394 per active participant

2023$11,111 per active participant

2022$11,423 per active participant

Van Kirk Sand & Gravel, 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 470605602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.