Plan Ledger DOL Form 5500 · updated monthly

Manganaro North America, Inc.401(k) + ESOP (KSOP)

MANGANARO EMPLOYEE STOCK OWNERSHIP PLAN · BELTSVILLE, MD · plan year 2024

Employer contribution per participant · 2024
$2,242

Manganaro North America, Inc.'s 2024 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 $27,897,332 across 160 participant accounts, with employer contributions averaging $2,242 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 498th-largest of 1,671 plans among Maryland employers on file, and the 1,614th of 5,337 in construction.

Plan summary
Net assets, end of year$27,897,332
Participants with balances160
Active participants161
Employer contributions$360,921
Employee contributions—
Employer contribution per active participant$2,242
Average account balance$174,358
Plan auditUnmodified (clean) audit opinion
The Manganaro North America, Inc. 401(k) match · 2024
Employer contribution per active participant$2,242
Median for plans this size$2,416

Manganaro North America, Inc.'s 2024 employer contribution ran below 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.

Recordkeeper by year2
2024NATIONAL FINANCIAL SERVICES, SENTINEL PENSION ADVISORS, Sentinel Group
2023NATIONAL FINANCIAL SERVICES, SENTINEL PENSION ADVISORS, Sentinel Group

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All plans at this employer2
MANGANARO 401(K) PLAN401(k)
MANGANARO EMPLOYEE STOCK OWNERSHIP PLAN401(k) + ESOP (KSOP)
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Source: U.S. Department of Labor, Form 5500 series, EIN 842403043 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.