How much does C & L Management, Inc. Et Al contribute to its Profit-sharing plan?

In 2023, employer contributions to the C & L Management, Inc. Et Al plan averaged $1,324 per active participant, above the $1,308 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 C & L Management, Inc. Et Al 401(k)?

The average participant account balance was $14,462 for plan year 2023, based on 161 accounts.

C & L Management, Inc. Et AlProfit-sharing plan

Name: C & L Management, Inc. Et Al 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

C & L MANAGEMENT, INC. ET AL PROFIT SHARING TRUST · INDIANAPOLIS, IN · plan year 2023

Employer contribution per participant · 2023

$1,324

C & L Management, Inc. Et Al's 2023 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 $2,328,328 across 161 participant accounts, with employer contributions averaging $1,324 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 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Indiana (1,373rd of 1,562), and 4,568th of 5,215 in retail trade.

Plan summary
Net assets, end of year$2,328,328
Participants with balances161
Active participants78
Employer contributions$103,309
Employee contributions—
Employer contribution per active participant$1,324
Average account balance$14,462
Benefits paid to participants$93,111
Plan auditUnmodified (clean) audit opinion
AuditorC& L MANAGEMENT

Plan history2

Yearassets · accounts · employer contribution

2023$2.3M · 161 accts · $103K emplr

2022$1.6M · 161 accts · $40K emplr

Employer contributions to the C & L Management, Inc. Et Al plan · 2023

Employer contribution per active participant$1,324

Median for plans this size$1,308

2023$1,324 per active participant

2022$635 per active participant

C & L Management, Inc. Et Al's 2023 employer contribution ran above the $1,308 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.

Administrative cost history2

2023Not separately reported

2022Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 351546005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.