Plan Ledger DOL Form 5500 · updated monthly

Wolgast CorporationESOP

WOLGAST CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · SAGINAW, MI · plan year 2024

Employer contribution per participant · 2024
$9,102

Wolgast Corporation'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 $36,406,606 across 192 participant accounts, with employer contributions averaging $9,102 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 671st-largest of 2,619 plans among Michigan employers on file, and the 1,331st of 5,337 in construction.

Plan summary
Net assets, end of year$36,406,606
Participants with balances192
Active participants101
Employer contributions$919,277
Employee contributions—
Employer contribution per active participant$9,102
Average account balance$189,618
Benefits paid to participants$2,149,807
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.4M · 192 accts · $919K emplr
2023$36.2M · 184 accts · $1.0M emplr
2022$32.1M · 177 accts · $1.0M emplr
Employer contributions to the Wolgast Corporation plan · 2024
Employer contribution per active participant$9,102
Median for plans this size$2,416
2024$9,102 per active participant
2023$10,136 per active participant
2022$10,007 per active participant

Wolgast Corporation'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.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
WOLGAST CORPORATION PROFIT SHARING & 401(K) PLAN401(k)
WOLGAST CORPORATION EMPLOYEE STOCK OWNERSHIP PLANESOP
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Source: U.S. Department of Labor, Form 5500 series, EIN 381912119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.