What is the average account balance in the Mike-Tell-Char, Inc. 401(k)?

Name: Mike-Tell-Char, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

The average participant account balance was $10,403 for plan year 2024, based on 111 accounts.

Mike-Tell-Char, Inc.ESOP

BASSETT'S EMPLOYEES PROFIT SHARING AND STOCK OWNERSHIP PLAN · PORT CLINTON, OH · plan year 2024

Plan assets · 2024

$1.2M

Mike-Tell-Char, 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 $1,154,714 across 111 participant accounts. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (3,140th of 3,295), and 4,928th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,154,714
Participants with balances111
Active participants76
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$10,403
Benefits paid to participants$79,580
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILLY LLP

Plan history3

Yearassets · accounts · employer contribution

2024$1.2M · 111 accts

2023$1.0M · 116 accts

2022$906K · 111 accts

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

Similar plansRetail Trade · Ohio
Matt Castrucci Inc OH$1.3M · 0.05%
Haasz Auto Mall, LLC OH$1.2M · 0.45%
Ohio Business Machines LLC OH$1.2M · 1.16%
National Carpet Mill Outlet dba National Design Mart OH$1.2M · 1.71%
Sarchione Auto Group, LTD OH$764K · 1.77%
Mp Management 3, LLC OH$611K · 0.75%
Cincy Clips, Inc. OH$556K · 1.57%
Fleet Lease Exchange Co., Inc. OH$315K · 1.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341489585 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.