Plan Ledger DOL Form 5500 · updated monthly

Martel Construction, Inc.401(k)

MARTEL CONSTRUCTION 401(K) PLAN · BOZEMAN, MT · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Martel Construction, Inc. reported $68,527 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,739 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 0.47% to 0.64%. 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 113th-largest of 229 plans among Montana employers on file, and 2,800th of 5,337 in construction. In 2024, employees put in $4.54 for every $1.00 the employer contributed; active participation has grown from 134 to 191 since 2022.

Plan summary
Net assets, end of year$12,057,229
Participants with balances312
Active participants191
Employer contributions$332,111
Employee contributions$1,506,393
Employer contribution per active participant$1,739
Average account balance$38,645
Benefits paid to participants$379,372
Plan auditUnmodified (clean) audit opinion
AuditorJCCS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 312 accts · $332K emplr
2023$9.3M · 263 accts · $275K emplr
2022$7.5M · 234 accts · $140K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,571
Investment management$24,956
Total administrative$68,527
The Martel Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$1,739
Median for plans this size$2,416
2024$1,739 per active participant
2023$1,617 per active participant
2022$1,042 per active participant

Martel Construction, 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.

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
LPL FINANCIAL · Investment advisory (plan)$21,259
SANNAH M BRANDT LLC DBA · Contract administrator$12,367
EMPOWER ADVISORY GROUP, LLC · Investment management$3,697

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$68,527 · 0.64%
2023$42,320 · 0.51%
2022$35,709 · 0.47%
Same employer
Similar plansConstruction · Montana
Loenbro, LLC. MT$17.3M · 0.67%
Alamon, Inc. MT$15.1M
Sbc, Inc. MT$12.7M · 0.61%
Franz Construction, Inc. MT$8.9M · 0.89%
Swank Enterprises Inc MT$5.9M · 1.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810302458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.