Plan Ledger DOL Form 5500 · updated monthly

Manafort Brothers, Inc.401(k)

MANAFORT BROTHERS, INC. 401(K) PROFIT SHARING PLAN · PLAINVILLE, CT · plan year 2024

Reported admin expense ratio · 2024
0.26%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Manafort Brothers, Inc. reported $96,375 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $3,093 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.23% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 342nd-largest of 1,106 plans among Connecticut employers on file, and the 1,245th of 5,337 in construction. In 2024, employees put in $3.27 for every $1.00 the employer contributed; active participation has grown from 168 to 199 since 2022.

Plan summary
Net assets, end of year$39,601,775
Participants with balances219
Active participants199
Employer contributions$615,534
Employee contributions$2,012,936
Employer contribution per active participant$3,093
Average account balance$180,830
Benefits paid to participants$3,873,487
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.6M · 219 accts · $616K emplr
2023$35.4M · 238 accts · $551K emplr
2022$28.4M · 221 accts · $496K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,375
Total administrative$96,375
The Manafort Brothers, Inc. 401(k) match · 2024
Employer contribution per active participant$3,093
Median for plans this size$2,416
2024$3,093 per active participant
2023$2,997 per active participant
2022$2,954 per active participant

Manafort Brothers, Inc.'s 2024 employer contribution ran above the $2,416 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
REDHAWK WEALTH ADVISORS, INC. · Investment advisory (plan)$36,628
EMPOWER ADVISORY GROUP, LLC · Investment management$11,710
PENSION CONSULTANTS, INC. · Contract administratorindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$96,375 · 0.26%
2023$108,085 · 0.34%
2022$70,633 · 0.23%
Same employer
Similar plansConstruction · Connecticut
O & G Industries, Inc. CT$51.8M · 0.12%
Gemma Power Systems, LLC CT$46.4M · 0.28%
Environmental Control Inc CT$37.3M · 0.84%
Mohawk Northeast, Inc. CT$35.6M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060619109 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.