Elco Incorporated
Plan context: ELCO, INC. DEFINED BENEFIT PLAN
EIN 42-1047639 • Iowa City, IA • 9 filings • 3 plans
Current Snapshot
Latest Year
2024
2024 Participants
4
2024 Assets
$7,253,955
2024 Contributions
$594,489
Historical Graphs
Total Assets Over Time
Aggregate end-of-year assets by filing year, excluding zero-asset years
Participants Over Time
Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans
Company Timeline
Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.
| Year / Filing | Filings | Participants | Assets | Contributions | Contrib./Participant |
|---|---|---|---|---|---|
| 2024 | 2 | 4 | $7,253,955 | $594,489 | $148,622iApproximate average salary by contribution assumption: employee only about $3,715,556 at 4% or $2,477,038 at 6%; with 50% employer match about $2,477,038 at 4% or $1,651,358 at 6%; with 100% employer match about $1,857,778 at 4% or $1,238,519 at 6%. |
| ELCO, INC. DEFINED BENEFIT PLAN | - | 4 | $6,277,696 | $303,567 | $75,892iApproximate average salary by contribution assumption: employee only about $1,897,294 at 4% or $1,264,863 at 6%; with 50% employer match about $1,264,863 at 4% or $843,242 at 6%; with 100% employer match about $948,647 at 4% or $632,431 at 6%. |
| Elco Incorporated Money Purchase Plan | - | 4 | $976,259 | $290,922 | $72,731iApproximate average salary by contribution assumption: employee only about $1,818,263 at 4% or $1,212,175 at 6%; with 50% employer match about $1,212,175 at 4% or $808,117 at 6%; with 100% employer match about $909,131 at 4% or $606,088 at 6%. |
| 2023 | 2 | 4 | $5,655,056 | $959,000 | $239,750iApproximate average salary by contribution assumption: employee only about $5,993,750 at 4% or $3,995,833 at 6%; with 50% employer match about $3,995,833 at 4% or $2,663,889 at 6%; with 100% employer match about $2,996,875 at 4% or $1,997,917 at 6%. |
| ELCO, INC. DEFINED BENEFIT PLAN | - | 4 | $5,079,805 | $706,000 | $176,500iApproximate average salary by contribution assumption: employee only about $4,412,500 at 4% or $2,941,667 at 6%; with 50% employer match about $2,941,667 at 4% or $1,961,111 at 6%; with 100% employer match about $2,206,250 at 4% or $1,470,833 at 6%. |
| Elco Incorporated Money Purchase Plan | - | 4 | $575,251 | $253,000 | $63,250iApproximate average salary by contribution assumption: employee only about $1,581,250 at 4% or $1,054,167 at 6%; with 50% employer match about $1,054,167 at 4% or $702,778 at 6%; with 100% employer match about $790,625 at 4% or $527,083 at 6%. |
| 2022 | 2 | 4 | $3,869,619 | $421,000 | $105,250iApproximate average salary by contribution assumption: employee only about $2,631,250 at 4% or $1,754,167 at 6%; with 50% employer match about $1,754,167 at 4% or $1,169,444 at 6%; with 100% employer match about $1,315,625 at 4% or $877,083 at 6%. |
| ELCO, INC. DEFINED BENEFIT PLAN | - | 4 | $3,620,519 | $164,000 | $41,000iApproximate average salary by contribution assumption: employee only about $1,025,000 at 4% or $683,333 at 6%; with 50% employer match about $683,333 at 4% or $455,556 at 6%; with 100% employer match about $512,500 at 4% or $341,667 at 6%. |
| Elco Incorporated Money Purchase Plan | - | 4 | $249,100 | $257,000 | $64,250iApproximate average salary by contribution assumption: employee only about $1,606,250 at 4% or $1,070,833 at 6%; with 50% employer match about $1,070,833 at 4% or $713,889 at 6%; with 100% employer match about $803,125 at 4% or $535,417 at 6%. |
| 2001 | 1 | 0 | $0 | $0 | - |
| Elco Incorporated Money Purchase Plan | - | 0 | - | - | - |
| 2000 | 1 | 3 | $0 | $0 | - |
| Elco Incorporated Money Purchase Plan | - | 3 | - | - | - |
| 1999 | 1 | 3 | $497,314 | $2,051 | $684iApproximate average salary by contribution assumption: employee only about $17,092 at 4% or $11,394 at 6%; with 50% employer match about $11,394 at 4% or $7,596 at 6%; with 100% employer match about $8,546 at 4% or $5,697 at 6%. |
| Elco Incorporated Money Purchase Plan | - | 3 | $497,314 | $2,051 | $684iApproximate average salary by contribution assumption: employee only about $17,092 at 4% or $11,394 at 6%; with 50% employer match about $11,394 at 4% or $7,596 at 6%; with 100% employer match about $8,546 at 4% or $5,697 at 6%. |