What is the Bennett Construction, Inc. 401(k) match?

In 2022, employer contributions to the Bennett Construction, Inc. plan averaged $950 per active participant, below the $1,114 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 Bennett Construction, Inc. 401(k)?

The average participant account balance was $31,126 for plan year 2022, based on 75 accounts.

Bennett Construction, Inc.401(k)

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

BRT RETIREMENT SAVINGS PLAN · OKLAHOMA CITY, OK · plan year 2022

Employer contribution per participant · 2022

$950

Bennett Construction, Inc.'s 2022 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 $2,334,417 across 75 participant accounts, with employer contributions averaging $950 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Oklahoma (631st of 724), and 4,725th of 5,337 in construction. In 2022, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,334,417
Participants with balances75
Active participants171
Employer contributions$162,501
Employee contributions$271,643
Employer contribution per active participant$950
Average account balance$31,126
Benefits paid to participants$142,673
Plan auditUnmodified (clean) audit opinion
AuditorROSE ROCK CPAS

The Bennett Construction, Inc. 401(k) match · 2022

Employer contribution per active participant$950

Median for plans this size$1,114

Bennett Construction, Inc.'s 2022 employer contribution ran below the $1,114 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.

Similar plansConstruction · Oklahoma
Imperium Utility Services, LLC OK$3.2M · 0.81%
Air Assurance Co. OK$3.1M · 0.98%
Garaga USA, Inc. OK$2.7M · 0.26%
T & G Construction, Inc. OK$2.7M · 0.56%
Ellsworth Construction, LLC OK$1.9M · 1.64%
Delco Electric , Inc. OK$1.9M · 1.48%
OMNI-2 Mechanical Services, LLC OK$1.6M · 0.38%
Hammer Construction, Inc. OK$1.3M · 1.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731576184 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.