What is the Pontchartrain Partners, LLC 401(k) match?

In 2022, employer contributions to the Pontchartrain Partners, LLC plan averaged $840 per active participant, below 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 Pontchartrain Partners, LLC 401(k)?

The average participant account balance was $41,875 for plan year 2022, based on 60 accounts.

Pontchartrain Partners, LLC401(k)

Name: Pontchartrain Partners, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

PONTCHARTRAIN PARTNERS, LLC 401(K) PLAN · NEW ORLEANS, LA · plan year 2022

Employer contribution per participant · 2022

$840

Pontchartrain Partners, LLC'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 $2,512,497 across 60 participant accounts, with employer contributions averaging $840 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 construction employers. By assets it is among the smaller plans on file in Louisiana (728th of 884), and 4,669th of 5,337 in construction. In 2022, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,512,497
Participants with balances60
Active participants86
Employer contributions$72,245
Employee contributions$145,806
Employer contribution per active participant$840
Average account balance$41,875
Benefits paid to participants$105,041
Plan auditUnmodified (clean) audit opinion
AuditorJMM CPA

The Pontchartrain Partners, LLC 401(k) match · 2022

Employer contribution per active participant$840

Median for plans this size$1,114

Pontchartrain Partners, LLC's 2022 employer contribution ran below 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 272499875 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.