How much does Venuworks, Inc. contribute to its ESOP?

In 2024, employer contributions to the Venuworks, Inc. plan averaged $2,164 per active participant, above the $540 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 Venuworks, Inc. 401(k)?

The average participant account balance was -$30,563 for plan year 2024, based on 364 accounts.

Venuworks, Inc.ESOP

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

VENUWORKS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · AMES, IA · plan year 2024

Employer contribution per participant · 2024

$2,164

Venuworks, 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 -$11,124,904 across 364 participant accounts, with employer contributions averaging $2,164 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other administrative & support services employers.

Plan summary
Net assets, end of year-$11,124,904
Participants with balances364
Active participants372
Employer contributions$804,936
Employee contributions—
Employer contribution per active participant$2,164
Average account balance-$30,563
Plan auditUnmodified (clean) audit opinion
AuditorHOGAN-HANSEN, PC

Plan history2

Yearassets · accounts · employer contribution

2024$-11.1M · 364 accts · $805K emplr

2023$-11.3M · 299 accts · $832K emplr

Administrative expenses, itemized · 2024

Trustee / custodial$145

Total administrative$145

Employer contributions to the Venuworks, Inc. plan · 2024

Employer contribution per active participant$2,164

Median for plans this size$540

2024$2,164 per active participant

2023$2,134 per active participant

Venuworks, Inc.'s 2024 employer contribution ran above the $540 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 history2

2024Not separately reported

2023Not separately reported

Why are you looking at this plan?

Compare

401(k) plans in Iowa

Worked here before? Find your old 401(k)

401(k) plans in Administrative & Support Services

Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 421463763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.