How much does Westerman Holdings, LLC contribute to its ESOP?

In 2024, employer contributions to the Westerman Holdings, LLC plan averaged $8,997 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 Westerman Holdings, LLC 401(k)?

The average participant account balance was -$134,558 for plan year 2024, based on 285 accounts.

Westerman Holdings, LLCESOP

Name: Westerman Holdings, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

WESTERMAN EMPLOYEE STOCK OWNERSHIP PLAN · BREMEN, OH · plan year 2024

Employer contribution per participant · 2024

$8,997

Westerman Holdings, LLC'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 -$38,348,957 across 285 participant accounts, with employer contributions averaging $8,997 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 manufacturing employers.

Plan summary
Net assets, end of year-$38,348,957
Participants with balances285
Active participants288
Employer contributions$2,591,227
Employee contributions—
Employer contribution per active participant$8,997
Average account balance-$134,558
Plan auditUnmodified (clean) audit opinion
AuditorGREERWALKER

Employer contributions to the Westerman Holdings, LLC plan · 2024

Employer contribution per active participant$8,997

Median for plans this size$540

Westerman Holdings, LLC'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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 861609798 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.