Plan Ledger DOL Form 5500 · updated monthly

Van Meter Inc.ESOP

VAN METER INDUSTRIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CEDAR RAPIDS, IA · plan year 2024

Employer contribution per participant · 2024
$3,745

Van Meter 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 $596,820,124 across 848 participant accounts, with employer contributions averaging $3,745 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other wholesale trade employers. By assets it is the 12th-largest of 878 plans among Iowa employers on file, and the 84th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$596,820,124
Participants with balances848
Active participants837
Employer contributions$3,134,823
Employee contributions—
Employer contribution per active participant$3,745
Average account balance$703,797
Benefits paid to participants$40,780,410
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$596.8M · 848 accts · $3.1M emplr
2023$533.7M · 857 accts · $2.5M emplr
2022$385.4M · 801 accts · $873K emplr
Employer contributions to the Van Meter Inc. plan · 2024
Employer contribution per active participant$3,745
Median for plans this size$4,294
2024$3,745 per active participant
2023$2,947 per active participant
2022$1,099 per active participant

Van Meter Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size. 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
2023$2,126 · 0.00%
2022Not separately reported
All plans at this employer2
VAN METER INC. 401(K) PLAN401(k)
VAN METER INDUSTRIAL, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansWholesale Trade · Iowa
Avantor, Inc. PA$648.0M · 0.10%
Ingram Industries Inc. TN$634.1M · 0.12%
Brenntag North America, Inc. PA$630.0M · 0.18%
US Lbm, LLC GA$620.4M · 0.19%
R.D. Offutt Company ND$592.0M · 0.14%
Watsco, Inc. FL$562.1M
Nintendo of America Inc. WA$559.8M · 0.05%
Hd Supply GA$556.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421448821 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.