Delaware › Wholesale trade › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Macpherson's Employee Stock Ownership Plan
Sponsored by Art Supply Enterprises, Inc., Wilmington, DE
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Macpherson's Employee Stock Ownership Plan is an employee stock ownership plan sponsored by Art Supply Enterprises, Inc. of Wilmington, Delaware. For the plan year ending 31 Dec 2024 it reported 153 participants, 153 of them active, and net assets of −$6.3M.
The employer contributed $1.6M during the year, or $10,155 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $345K.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
Across the filings on record, net assets went from $7.6M in 2018 to −$6.3M in 2024 (down 182%), and participants from 202 to 153 (down 24%).
The independent accountant's opinion on the financial statements was disclaimer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | — | $60,185 | $65,557 | $53,102 |
| Employer contributions per active participant | $10,155 | $2,447 | $2,107 | $2,175 |
| Schedule C compensation per participant | — | $194 | $153 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.27% | 0.26% |
| Administrative expenses per participant | — | $176 | $147 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), wholesale trade (3,526) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 153 | −$6.3M | −$41,170 | $1.6M | — | $0 |
| 2019 | 219 | $7.6M | $34,521 | $1.4M | $0 | $0 |
| 2018 | 202 | $7.6M | $37,842 | $1.4M | $0 | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$8,100,721
- Employer contributions$1,553,727
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,553,727
- Total income, including investment results−$13,725,836
- Benefits paid$345,463
- Administrative expenses$0
- Total expenses$673,881
- Net income−$14,399,717
- Net transfers$0
- Net assets, end of year−$6,298,996
Participants
- Active participants153
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits0
- Participants with account balances123
- Total participants, end of year153
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Cash (interest and non-interest bearing)$110K · 92.6%
- Employer securities$8,851 · 7.4%
Audit and compliance answers, as filed
- Accountant's opinionDisclaimer
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBederson LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2IStock bonus2PLeveraged ESOP2QThe employer maintaining this ESOP is an S corporation3HPlan sponsor(s) is (are) a member(s) of a controlled group3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 424990: Other Miscellaneous Nondurable Goods.
Other plans of Art Supply Enterprises, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Art Supply Enterprises, Inc. 401(k) Profit Sharing Plan | 255 | $19.5M |
Similar plans in Delaware
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Art Supply Enterprises, Inc. 401(k) Profit Sharing Plan | Art Supply Enterprises, Inc. | 255 | $19.5M | $76,620 |
| Keen Compressed Gas Company 401(k) Plan | Keen Compressed Gas Company | 151 | $19.2M | $126,970 |
| Ashland Union Employee Savings Plan | Ashland Inc. | 274 | — | — |
| Standard Distributing Co. 401(k) Retirement Plan | Standard Distributing Co., Inc. | 146 | $8.3M | $56,736 |
| United Electric Supply Co., Inc. 401(k) Plan | United Electric Supply Co., Inc. | 448 | $52.4M | $117,003 |
| HGR Industrial Surplus, LLC 401(k) P/s Plan | HGR Industrial Surplus, LLC | 110 | $4.0M | $36,783 |
Defined contribution plans in wholesale trade closest in size.
Questions and answers
How big is Macpherson's Employee Stock Ownership Plan?
153 participants at the end of the plan year ending 31 Dec 2024, of whom 153 were active employees, with net assets of −$6,298,996. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Art Supply Enterprises, Inc. contribute per participant?
The filing reports $1,553,727 in employer contributions for the year, which is $10,155 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $0. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Art Supply Enterprises, Inc.. The financial statements were audited by Bederson LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an disclaimer opinion. A disclaimer of opinion was the usual result of a limited-scope audit under the rules in force before 2021 and is not by itself a finding about the plan.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 94-1152693, plan 003, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.