How much does Western Idaho Cabinets, Inc. contribute to its ESOP?

In 2024, employer contributions to the Western Idaho Cabinets, Inc. plan averaged $14,736 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 Western Idaho Cabinets, Inc. 401(k)?

The average participant account balance was $257,477 for plan year 2024, based on 103 accounts.

Western Idaho Cabinets, Inc.ESOP

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

WESTERN IDAHO CABINETS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · BOISE, ID · plan year 2024

Employer contribution per participant · 2024

$14,736

Western Idaho Cabinets, 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 $26,520,178 across 103 participant accounts, with employer contributions averaging $14,736 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 84th-largest of 349 plans among Idaho employers on file, and the 1,664th of 5,337 in construction.

Plan summary
Net assets, end of year$26,520,178
Participants with balances103
Active participants90
Employer contributions$1,326,206
Employee contributions—
Employer contribution per active participant$14,736
Average account balance$257,477
Benefits paid to participants$1,101,810
Plan auditUnmodified (clean) audit opinion
AuditorRIPLEY DOORN & COMPANY P.L.L.C.

Plan history3

Yearassets · accounts · employer contribution

2024$26.5M · 103 accts · $1.3M emplr

2023$17.9M · 120 accts · $387K emplr

2022$13.1M · 115 accts · $229K emplr

Employer contributions to the Western Idaho Cabinets, Inc. plan · 2024

Employer contribution per active participant$14,736

Median for plans this size$2,416

2024$14,736 per active participant

2023$4,294 per active participant

2022$2,386 per active participant

Western Idaho Cabinets, 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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D&A Glass Company of Idaho, Inc. ID$27.6M · 0.00%
Ruen Drilling, Inc. ID$20.7M · 0.04%
Hansen-Rice Inc. ID$14.5M · 0.01%
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Source: U.S. Department of Labor, Form 5500 series, EIN 820465119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.