Department of Labor filing

MARTIN INCORPORATED

MARTIN INCORPORATED 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

26filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,257

Reported employer contributions per active participant.

Higher than about 24% of comparable plans

#People in the filing

412

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$264 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 32% of comparable plans

↗Investment performance

Not available

Plan assets changed 4.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202426out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions24th percentileTypical peer $2,059 · based on 1,266 comparable plans

Lower reported administrative expense32nd percentileTypical peer $195 · based on 1,288 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MARTIN INCORPORATED reported $517,946 in employer contributions across the plan and 412 active participants. That works out to $1,257 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy76%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 16.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 3.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context26/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $517,946
Participant contributions: $1,781,619
Other contributions: $146,310
Employer share of reported contributions: 22.5%
Beginning assets: $24,607,972
Ending assets: $25,773,510
Ending net assets: $25,773,510
Ending liabilities: $0
Total income: $5,494,767
Total expenses: $4,329,229
Administrative expenses: $137,696
Participant loans: $267,788

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,081

2023

$1,290

2024

$1,257

Plan-paid administrative expenses per participant

2022

$273

2023

$294

2024

$264

Active participants

2022

294

2023

394

2024

412

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,257	412	25.8M	20251014094258NAL0003521792001
2023	$1,290	394	24.6M	20241001125557NAL0007077393001
2022	$1,081	294	16.7M	20231016092452NAL0037350497001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 630397501-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jun 1, 1998
Industry: Wholesale trade
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2R2S2T3D

Current plan terms

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Filing ACK_ID20251014094258NAL0003521792001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗