How much does Martin/Brattrud, Inc. contribute to its ESOP?

In 2024, employer contributions to the Martin/Brattrud, Inc. plan averaged $2,899 per active participant, above the $2,416 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 Martin/Brattrud, Inc. 401(k)?

The average participant account balance was $62,336 for plan year 2024, based on 219 accounts.

Martin/Brattrud, Inc.ESOP

Name: Martin/Brattrud, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MARTIN/BRATTRUD, INC. EMPLOYEE STOCK OWNERSHIP PLAN · GARDENA, CA · plan year 2024

Employer contribution per participant · 2024

$2,899

Martin/Brattrud, 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 $13,651,483 across 219 participant accounts, with employer contributions averaging $2,899 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 manufacturing employers. By assets it is the 4,641st-largest of 9,483 plans among California employers on file, and 7,504th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$13,651,483
Participants with balances219
Active participants138
Employer contributions$400,000
Employee contributions—
Employer contribution per active participant$2,899
Average account balance$62,336
Benefits paid to participants$553,577
Plan auditUnmodified (clean) audit opinion
AuditorWRIGHT FORD YOUNG & CO.

Plan history3

Yearassets · accounts · employer contribution

2024$13.7M · 219 accts · $400K emplr

2023$11.4M · 212 accts · $300K emplr

2022$10.0M · 192 accts · $300K emplr

Employer contributions to the Martin/Brattrud, Inc. plan · 2024

Employer contribution per active participant$2,899

Median for plans this size$2,416

2024$2,899 per active participant

2023$2,113 per active participant

2022$2,158 per active participant

Martin/Brattrud, 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

MARTIN BRATTRUD, INC. 401(K) PLAN401(k)

MARTIN/BRATTRUD, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

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Source: U.S. Department of Labor, Form 5500 series, EIN 953134229 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.