VIKING DRILL & TOOL, INC. EMPLOYEE STOCK OWNERSHIP PLAN · SAINT PAUL, MN · plan year 2023
Employer contribution per participant · 2023
$13,882
Viking Drill & Tool, Inc.'s 2023 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 $54,998,896 across 359 participant accounts, with employer contributions averaging $13,882 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 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 450th-largest of 1,918 plans among Minnesota employers on file, and the 2,944th of 13,661 in manufacturing.
Plan summary
Net assets, end of year$54,998,896
Participants with balances359
Active participants269
Employer contributions$3,734,283
Employee contributions—
Employer contribution per active participant$13,882
Employer contributions to the Viking Drill & Tool, Inc. plan · 2023
Employer contribution per active participant$13,882
Median for plans this size$3,659
2024$9,165 per active participant
2023$13,882 per active participant
2022$9,187 per active participant
Viking Drill & Tool, Inc.'s 2023 employer contribution ran above the $3,659 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 employer3
VIKING DRILL & TOOL, INC. RETIREMENT/SAVINGS PLAN401(k)
VIKING DRILL & TOOL, INC. FACTORY EMPLOYEES RETIREMENT/SAVINGS PLAN401(k)
VIKING DRILL & TOOL, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Source: U.S. Department of Labor, Form 5500 series, EIN 362702410 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.