How much does Mpd, Inc. contribute to its ESOP?

In 2024, employer contributions to the Mpd, Inc. plan averaged $6,476 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 Mpd, Inc. 401(k)?

The average participant account balance was $71,091 for plan year 2024, based on 373 accounts.

Mpd, Inc.ESOP

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

MPD, INC. EMPLOYEE STOCK OWNERSHIP PLAN · OWENSBORO, KY · plan year 2024

Employer contribution per participant · 2024

$6,476

Mpd, 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 $26,517,120 across 373 participant accounts, with employer contributions averaging $6,476 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 238th-largest of 871 plans among Kentucky employers on file, and the 4,919th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$26,517,120
Participants with balances373
Active participants165
Employer contributions$1,068,492
Employee contributions—
Employer contribution per active participant$6,476
Average account balance$71,091
Benefits paid to participants$2,255,756
Plan auditUnmodified (clean) audit opinion
AuditorCROWE, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$26.5M · 373 accts · $1.1M emplr

2023$21.8M · 367 accts · $1.1M emplr

2022$18.6M · 360 accts · $827K emplr

Employer contributions to the Mpd, Inc. plan · 2024

Employer contribution per active participant$6,476

Median for plans this size$2,416

2024$6,476 per active participant

2023$6,412 per active participant

2022$5,012 per active participant

Mpd, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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

MPD 401(K) RETIREMENT SAVINGS PLAN401(k)

MPD, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Mpd, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 611108817 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.