Plan Ledger DOL Form 5500 · updated monthly

The Mountain CompanyProfit-sharing plan

THE PROFIT SHARING AND RETIREMENT PLAN FOR THE MOUNTAIN COMPANY AND THE LAUREL MANAGEMENT GROUP, INC. · VIENNA, WV · plan year 2024

Reported admin expense ratio · 2024
0.89%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

The Mountain Company reported $449,532 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,685 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.89%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 37th-largest of 265 plans among West Virginia employers on file, and the 1,013th of 5,337 in construction. active participation has shrunk from 242 to 215 since 2022.

Plan summary
Net assets, end of year$52,864,457
Participants with balances401
Active participants215
Employer contributions$1,652,211
Employee contributions—
Employer contribution per active participant$7,685
Average account balance$131,832
Benefits paid to participants$3,722,711
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$52.9M · 401 accts · $1.7M emplr
2023$48.5M · 394 accts · $1.6M emplr
2022$42.4M · 394 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$449,532
Total administrative$449,532
Employer contributions to the The Mountain Company plan · 2024
Employer contribution per active participant$7,685
Median for plans this size$3,635
2024$7,685 per active participant
2023$7,061 per active participant
2022$5,974 per active participant

The Mountain Company's 2024 employer contribution ran above the $3,635 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20248
HUNTINGTON BANK · Recordkeeping · Trustee$3,514
RUANE CUNNIFF & GOLDFARB INC. · Investment management$191,927
GARDNER RUSSO & QUINN LLC · Investment management$143,021
JOHNSON INVESTMENT COUNSEL, INC. · Investment management$38,765
REA & ASSOCIATES · Accounting / audit$17,000
CHARLES SCHWAB TRUST BANK · Trustee · Other services$10,721
METRO BENEFITS, INC. · Other services$10,223
OCTOBER THREE CONSULTING · Consulting$9,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024HUNTINGTON BANK
2023HUNTINGTON BANK

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$449,532 · 0.89%
2023$369,732 · 0.81%
2022$359,266 · 0.87%
Similar plansConstruction · West Virginia
Kaley Group, Inc. WV$21.9M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550488302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.