How much does Mud Bay, Inc. contribute to its ESOP?

In 2022, employer contributions to the Mud Bay, Inc. plan averaged $1,525 per active participant, above the $1,114 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 Mud Bay, Inc. 401(k)?

The average participant account balance was $16,268 for plan year 2022, based on 445 accounts.

Mud Bay, Inc.ESOP

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

MUD BAY, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · OLYMPIA, WA · plan year 2022

Employer contribution per participant · 2022

$1,525

Mud Bay, Inc.'s 2022 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 $7,239,279 across 445 participant accounts, with employer contributions averaging $1,525 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Washington (1,214th of 1,714), and 3,213th of 5,215 in retail trade.

Plan summary
Net assets, end of year$7,239,279
Participants with balances445
Active participants341
Employer contributions$520,000
Employee contributions—
Employer contribution per active participant$1,525
Average account balance$16,268
Benefits paid to participants$276,808
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY US LLP

Plan history3

Yearassets · accounts · employer contribution

2024$6.4M · 528 accts · $359K emplr

2023$6.1M · 512 accts · $340K emplr

2022$7.2M · 445 accts · $520K emplr

Employer contributions to the Mud Bay, Inc. plan · 2022

Employer contribution per active participant$1,525

Median for plans this size$1,114

2024$1,011 per active participant

2023$912 per active participant

2022$1,525 per active participant

Mud Bay, Inc.'s 2022 employer contribution ran above the $1,114 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

MUD BAY RETIREMENT PLAN401(k)

MUD BAY, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP

Same employer

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

Similar plansRetail Trade · Washington
Thrift Books Global, LLC WA$7.6M · 1.18%
Quality Sewing & Vacuum Inc WA$7.6M · 0.03%
North Central Construction, Inc. WA$7.6M · 0.73%
Computer 5, Inc., dba Localtel Communications WA$7.5M · 1.00%
Edge Construction Supply WA$7.2M · 0.51%
Vancouver Ford, Inc. WA$7.2M · 0.03%
Sound Ford, Inc WA$7.0M · 1.02%
Evergreen Ford WA$6.9M · 0.67%

Why are you looking at this plan?

Compare
401(k) plans in Washington
Worked here before? Find your old 401(k)
401(k) plans in Retail Trade
Plans of similar size
Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 912060015 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.