Plan Ledger DOL Form 5500 · updated monthly

Martin Clearwater and Bell LLP401(k)

MARTIN CLEARWATER AND BELL LLP ASSOCIATE 401(K) PLAN · NEW YORK, NY · plan year 2023

Employer contribution per participant · 2023
$2,761

Martin Clearwater and Bell LLP'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 $13,284,020 across 138 participant accounts, with employer contributions averaging $2,761 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 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,162nd of 5,648), and 7,016th of 11,654 in professional & technical services. In 2023, employees put in $3.61 for every $1.00 the employer contributed; active participation has grown from 43 to 67 since 2022.

Plan summary
Net assets, end of year$13,284,020
Participants with balances138
Active participants67
Employer contributions$185,018
Employee contributions$668,512
Employer contribution per active participant$2,761
Average account balance$96,261
Benefits paid to participants$690,525
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 127 accts · $135K emplr
2023$13.3M · 138 accts · $185K emplr
2022$11.0M · 126 accts · $158K emplr
The Martin Clearwater and Bell LLP 401(k) match · 2023
Employer contribution per active participant$2,761
Median for plans this size$2,440
2024$2,460 per active participant
2023$2,761 per active participant
2022$3,677 per active participant

Martin Clearwater and Bell LLP's 2023 employer contribution ran above the $2,440 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
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Source: U.S. Department of Labor, Form 5500 series, EIN 132811394 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.