How much does Oftedal Construction, Inc. contribute to its ESOP?

In 2024, employer contributions to the Oftedal Construction, Inc. plan averaged $19,046 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 Oftedal Construction, Inc. 401(k)?

The average participant account balance was $169,682 for plan year 2024, based on 254 accounts.

Oftedal Construction, Inc.ESOP

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

OFTEDAL CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MILES CITY, MT · plan year 2024

Employer contribution per participant · 2024

$19,046

Oftedal Construction, 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 $43,099,275 across 254 participant accounts, with employer contributions averaging $19,046 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 construction employers. By assets it is the 28th-largest of 229 plans among Montana employers on file, and the 1,176th of 5,337 in construction.

Plan summary
Net assets, end of year$43,099,275
Participants with balances254
Active participants109
Employer contributions$2,076,044
Employee contributions—
Employer contribution per active participant$19,046
Average account balance$169,682
Benefits paid to participants$2,059,024
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILLY LLC

Plan history3

Yearassets · accounts · employer contribution

2024$43.1M · 254 accts · $2.1M emplr

2023$38.5M · 245 accts · $2.0M emplr

2022$32.2M · 247 accts · $1.3M emplr

Employer contributions to the Oftedal Construction, Inc. plan · 2024

Employer contribution per active participant$19,046

Median for plans this size$2,416

2024$19,046 per active participant

2023$22,697 per active participant

2022$13,000 per active participant

Oftedal Construction, 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

2023$350 · 0.00%

2022Not separately reported

All plans at this employer2

OFTEDAL CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN401(k)

OFTEDAL CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Similar plansConstruction · Montana
Barnard Construction Company, Inc. MT$127.1M · 0.01%
Sletten, Inc. MT$86.7M · 0.03%
Dick Anderson Construction, Inc. MT$42.5M · 0.43%
Riverside Contracting, Inc. MT$21.5M · 1.18%
Central Plumbing and Heating Co Inc MT$21.3M · 0.55%
Jackson Contractor Group, Inc. MT$21.2M · 1.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810307943 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.