How much does Markey's Audio-Visual, Inc. contribute to its ESOP?

In 2024, employer contributions to the Markey's Audio-Visual, Inc. plan averaged $6,627 per active participant, above the $3,635 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 Markey's Audio-Visual, Inc. 401(k)?

The average participant account balance was $258,352 for plan year 2024, based on 266 accounts.

Markey's Audio-Visual, Inc.ESOP

Name: Markey's Audio-Visual, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MARKEY'S AUDIO/VISUAL EMPLOYEE STOCK OWNERSHIP PLAN · INDIANAPOLIS, IN · plan year 2024

Employer contribution per participant · 2024

$6,627

Markey's Audio-Visual, 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 $68,721,752 across 266 participant accounts, with employer contributions averaging $6,627 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 217th-largest of 1,562 plans among Indiana employers on file, and the 840th of 5,337 in construction. active participation has grown from 143 to 252 since 2022.

Plan summary
Net assets, end of year$68,721,752
Participants with balances266
Active participants252
Employer contributions$1,669,967
Employee contributions—
Employer contribution per active participant$6,627
Average account balance$258,352
Benefits paid to participants$148,458
Plan auditUnmodified (clean) audit opinion
AuditorDEAN DORTON ALLEN FORD, PLLC

Plan history3

Yearassets · accounts · employer contribution

2024$68.7M · 266 accts · $1.7M emplr

2023$59.7M · 222 accts · $594K emplr

2022$39.9M · 163 accts · $415K emplr

Employer contributions to the Markey's Audio-Visual, Inc. plan · 2024

Employer contribution per active participant$6,627

Median for plans this size$3,635

2024$6,627 per active participant

2023$2,752 per active participant

2022$2,900 per active participant

Markey's Audio-Visual, Inc.'s 2024 employer contribution ran above the $3,635 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 history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

MARKEY'S AUDIO-VISUAL 401(K) PLAN401(k)

MARKEY'S AUDIO/VISUAL EMPLOYEE STOCK OWNERSHIP PLANESOP

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Markey's Audio-Visual, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 351467871 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.