Plan Ledger DOL Form 5500 · updated monthly

Manganaro Midatlantic, LLC401(k)

THE CONTRACTORS RETIREMENT PLAN · BELTSVILLE, MD · plan year 2023

Employer contribution per participant · 2023
$2,032

Manganaro Midatlantic, LLC'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 $2,733,234 across 369 participant accounts, with employer contributions averaging $2,032 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 construction employers. By assets it is among the smaller plans on file in Maryland (1,467th of 1,671), and 4,604th of 5,337 in construction.

Plan summary
Net assets, end of year$2,733,234
Participants with balances369
Active participants96
Employer contributions$195,119
Employee contributions—
Employer contribution per active participant$2,032
Average account balance$7,407
Benefits paid to participants$455,454
Plan auditUnmodified (clean) audit opinion
AuditorERICKSON DEMEL & ASSOCIATES, PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$2.7M · 369 accts · $195K emplr
2022$2.7M · 347 accts · $152K emplr
The Manganaro Midatlantic, LLC 401(k) match · 2023
Employer contribution per active participant$2,032
Median for plans this size$1,308
2023$2,032 per active participant
2022$2,411 per active participant

Manganaro Midatlantic, LLC'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
2022$4,000 · 0.14%
Same employer
Manganaro Midatlantic, LLC's health & benefits plan: carriers, premiums & broker pay
Similar plansConstruction · Maryland
Triangle Contracting LLC MD$3.0M · 2.03%
Seh Excavating, Inc. MD$3.0M · 0.30%
Delmarva Site Development, Inc. MD$2.9M · 0.18%
Governed United Security Professionals MD$2.9M · 1.24%
Harbor Roofing and Contracting, Inc MD$2.7M · 1.68%
Rosedale Roofing Co., Inc. MD$2.5M · 0.51%
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The Whiting-Turner Contracting Company MD$2.4M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841617518 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.