Plan Ledger DOL Form 5500 · updated monthly

Budget Maintenance Inc401(k)

BUDGET MAINTENANCE INC 401K PLAN · POTTSTOWN, PA · plan year 2022

Employer contribution per participant · 2022
$821

Budget Maintenance 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 $3,180,675 across 78 participant accounts, with employer contributions averaging $821 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 Pennsylvania (3,154th of 3,651), and 4,477th of 5,337 in construction. In 2022, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,180,675
Participants with balances78
Active participants207
Employer contributions$169,929
Employee contributions$292,432
Employer contribution per active participant$821
Average account balance$40,778
Benefits paid to participants$274,358
Plan auditUnmodified (clean) audit opinion
AuditorHERBEIN & COMPANY INC
The Budget Maintenance Inc 401(k) match · 2022
Employer contribution per active participant$821
Median for plans this size$1,114

Budget Maintenance 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 · Pennsylvania
Frontier Environmental PA$3.3M · 1.32%
Wilkinson Homes, LLC PA$2.9M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232912147 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.