401(k) ยท DOL Form 5500 ยท 2022

Martel Construction 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$7M
Total assets
151
Participants
37th
Percentile by assets

Sponsored by Martel Construction, Inc. ยท Montana ยท Construction

What the 2022 filing shows

Martel Construction 401(k) Plan holds $7M for 151 participants - about $49,356 per participant, in the lower half of filed plans by assets, down 2.2% over the 2022 plan year.

$7M
total plan assets (2022 EOY)
151
covered participants
37th
percentile by assets (of 84,055 plans)
$49,356
avg assets per participant

The plan reported a net loss of $169K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$7M
Participants
151
State
Industry
Construction

What the Filing Says About Martel Construction 401(k) Plan

Martel Construction 401(k) Plan is a 401(k) retirement plan sponsored by Martel Construction, Inc., headquartered in Montana. As of the 2022 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 151 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 810302458, and the plan has been effective since 1993-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2022 to $7M at year-end - a decline of 2.2%. Net assets (after liabilities) closed the year at $7M, with reported net income of $-168,935 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$8M
Total Assets (End of Year)$7M
Net Assets (End of Year)$7M
Net Income$-168,935
Plan Type401(k)
Employer EIN810302458
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Martel Construction, Inc.)

Year Plans Participants Total Assets
2022 1 151 $7M
2023 1 134 $9M
2024 1 170 $12M

Nearby 401(k) Plans in Montana

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Martel Construction 401(k) Plan?
As of the 2022 Form 5500 filing, Martel Construction 401(k) Plan holds $7M in total assets with 151 participants. It is sponsored by Martel Construction, Inc..
What type of plan is Martel Construction 401(k) Plan?
Martel Construction 401(k) Plan is a 401(k) plan. It has been effective since 1993-01-01. The plan is filed with the U.S. Department of Labor under EIN 810302458.
Who sponsors the Martel Construction 401(k) Plan?
Martel Construction 401(k) Plan is sponsored by Martel Construction, Inc., located in Montana. The sponsor's EIN is 810302458 and the plan operates in the Construction industry.
How did Martel Construction 401(k) Plan perform in 2022?
Martel Construction 401(k) Plan declined by 2.2% during 2022, moving from $8M to $7M in total assets. Net income was $-168,935.
Where can I find official filings for Martel Construction 401(k) Plan?
Official Form 5500 filings for Martel Construction 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 810302458 or plan name at efast.dol.gov.
How does Martel Construction 401(k) Plan compare to other plans?
You can compare Martel Construction 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Montana on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 810302458.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.