Plan Ledger DOL Form 5500 · updated monthly

Withersravenel, Inc.ESOP

WITHERSRAVENEL, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CARY, NC · plan year 2024

Employer contribution per participant · 2024
$3,815

Withersravenel, 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 $40,138,909 across 448 participant accounts, with employer contributions averaging $3,815 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 professional & technical services employers. By assets it is the 448th-largest of 2,005 plans among North Carolina employers on file, and the 3,291st of 11,654 in professional & technical services. active participation has grown from 249 to 329 since 2022.

Plan summary
Net assets, end of year$40,138,909
Participants with balances448
Active participants329
Employer contributions$1,255,000
Employee contributions—
Employer contribution per active participant$3,815
Average account balance$89,596
Benefits paid to participants$780,177
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.1M · 448 accts · $1.3M emplr
2023$32.3M · 383 accts · $665K emplr
2022$30.6M · 327 accts · $600K emplr
Employer contributions to the Withersravenel, Inc. plan · 2024
Employer contribution per active participant$3,815
Median for plans this size$2,416
2024$3,815 per active participant
2023$2,285 per active participant
2022$2,410 per active participant

Withersravenel, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024Not separately reported
2023Not separately reported
2022$7 · 0.00%
All plans at this employer2
WITHERSRAVENEL, INC. 401(K) PROFIT SHARING PLAN401(k)
WITHERSRAVENEL, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
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Source: U.S. Department of Labor, Form 5500 series, EIN 561740520 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.