What is the R.E. Monson, Inc. 401(k) match?

In 2022, employer contributions to the R.E. Monson, Inc. plan averaged $716 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 R.E. Monson, Inc. 401(k)?

The average participant account balance was $30,664 for plan year 2022, based on 33 accounts.

R.E. Monson, Inc.401(k)

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

R.E. MONSON, INC. 401(K) PLAN · BRITT, IA · plan year 2022

Employer contribution per participant · 2022

$716

R.E. Monson, 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 $1,011,896 across 33 participant accounts, with employer contributions averaging $716 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 transportation & warehousing employers. By assets it is among the smaller plans on file in Iowa (845th of 878), and 2,306th of 2,677 in transportation & warehousing. In 2022, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,011,896
Participants with balances33
Active participants100
Employer contributions$71,553
Employee contributions$188,704
Employer contribution per active participant$716
Average account balance$30,664
Benefits paid to participants$201,771
Plan auditUnmodified (clean) audit opinion
AuditorMARTENS & COMPANY, CPA, LLP

The R.E. Monson, Inc. 401(k) match · 2022

Employer contribution per active participant$716

Median for plans this size$1,114

R.E. Monson, Inc.'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.

Similar plansTransportation & Warehousing · Iowa
Johnsrud Transport, Inc. IA$2.9M · 0.60%
Simon's Trucking, Inc. IA$2.5M · 0.60%
Tantara Transportation Corp. IA$2.5M
Art Pape Transfer, Inc. IA$2.1M · 0.84%
San Gabriel Transit, Inc. and Affiliates CA$1.0M · 0.44%
AMC Bus, Inc. TX$1.0M · 0.23%
Allstates Trucking, Inc. WI$1.0M
Wayne Smith Trucking, Inc. AR$1.0M · 1.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421352859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.