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

In 2024, employer contributions to the Willmeng, Inc. plan averaged $41,776 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 Willmeng, Inc. 401(k)?

The average participant account balance was -$74,201 for plan year 2024, based on 291 accounts.

Willmeng, Inc.ESOP

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

WILLMENG EMPLOYEE STOCK OWNERSHIP PLAN · PHOENIX, AZ · plan year 2024

Employer contribution per participant · 2024

$41,776

Willmeng, 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 -$21,592,501 across 291 participant accounts, with employer contributions averaging $41,776 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 construction employers.

Plan summary
Net assets, end of year-$21,592,501
Participants with balances291
Active participants284
Employer contributions$11,864,353
Employee contributions—
Employer contribution per active participant$41,776
Average account balance-$74,201
Plan auditUnmodified (clean) audit opinion
AuditorMANSPERGER PATTERSON & MCMULLIN PLC

Employer contributions to the Willmeng, Inc. plan · 2024

Employer contribution per active participant$41,776

Median for plans this size$540

Willmeng, 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 993659550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.