What is the Fechko Excavating, LLC 401(k) match?

In 2022, employer contributions to the Fechko Excavating, LLC plan averaged $188 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 Fechko Excavating, LLC 401(k)?

The average participant account balance was $45,822 for plan year 2022, based on 71 accounts.

Fechko Excavating, LLC401(k)

Name: Fechko Excavating, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

THE CONTRACTORS RETIREMENT PLAN · MEDINA, OH · plan year 2022

Employer contribution per participant · 2022

$188

Fechko Excavating, LLC'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 $3,253,374 across 71 participant accounts, with employer contributions averaging $188 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 Ohio (2,814th of 3,295), and 4,459th of 5,337 in construction. In 2022, employees put in $12.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,253,374
Participants with balances71
Active participants112
Employer contributions$21,028
Employee contributions$258,144
Employer contribution per active participant$188
Average account balance$45,822
Benefits paid to participants$79
Plan auditUnmodified (clean) audit opinion
AuditorERICKSON DEMEL & ASSOCIATES, PLLC

The Fechko Excavating, LLC 401(k) match · 2022

Employer contribution per active participant$188

Median for plans this size$1,114

Fechko Excavating, LLC's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 815447296 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.