How much does Mti Boats, Inc. contribute to its ESOP?

In 2024, employer contributions to the Mti Boats, Inc. plan averaged $19,024 per active participant, above the $540 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 Mti Boats, Inc. 401(k)?

The average participant account balance was -$573,044 for plan year 2024, based on 159 accounts.

Mti Boats, Inc.ESOP

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

MTI BOATS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · WENTZVILLE, MO · plan year 2024

Employer contribution per participant · 2024

$19,024

Mti Boats, 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 -$91,113,994 across 159 participant accounts, with employer contributions averaging $19,024 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other manufacturing employers.

Plan summary
Net assets, end of year-$91,113,994
Participants with balances159
Active participants135
Employer contributions$2,568,211
Employee contributions—
Employer contribution per active participant$19,024
Average account balance-$573,044
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP

Employer contributions to the Mti Boats, Inc. plan · 2024

Employer contribution per active participant$19,024

Median for plans this size$540

Mti Boats, Inc.'s 2024 employer contribution ran above the $540 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 994904043 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.