401(k) ยท DOL Form 5500 ยท 2024

Martin ESOP

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

$12M
Total assets
355
Participants
34th
Percentile by assets

Sponsored by Martin Resource Management Corp. ยท Texas ยท Manufacturing

What the 2024 filing shows

Martin ESOP holds $12M for 355 participants - about $33,123 per participant, in the lower half of filed plans by assets, down 0.6% over the 2024 plan year.

$12M
total plan assets (2024 EOY)
355
covered participants
34th
percentile by assets (of 67,083 plans)
$33,123
avg assets per participant

The plan reported a net loss of $71K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$12M
Participants
355
State
Industry
Manufacturing

What the Filing Says About Martin ESOP

Martin ESOP is a 401(k) retirement plan sponsored by Martin Resource Management Corp., headquartered in Texas. As of the 2024 Form 5500 filing, the plan reports $12M in total end-of-year assets and covers 355 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 752789062, and the plan has been effective since 1984-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $12M at the beginning of 2024 to $12M at year-end - a decline of 0.6%. Net assets (after liabilities) closed the year at $12M, with reported net income of $-70,820 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)$12M
Total Assets (End of Year)$12M
Net Assets (End of Year)$12M
Net Income$-70,820
Plan Type401(k)
Employer EIN752789062
Plan Effective Date1984-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Martin Resource Management Corp.)

Year Plans Participants Total Assets
2022 3 2,921 $184M
2023 3 2,948 $223M
2024 3 3,061 $247M

Nearby 401(k) Plans in Texas

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

Frequently Asked Questions

How much money is in the Martin ESOP?
As of the 2024 Form 5500 filing, Martin ESOP holds $12M in total assets with 355 participants. It is sponsored by Martin Resource Management Corp..
What type of plan is Martin ESOP?
Martin ESOP is a 401(k) plan. It has been effective since 1984-10-01. The plan is filed with the U.S. Department of Labor under EIN 752789062.
Who sponsors the Martin ESOP?
Martin ESOP is sponsored by Martin Resource Management Corp., located in Texas. The sponsor's EIN is 752789062 and the plan operates in the Manufacturing industry.
How did Martin ESOP perform in 2024?
Martin ESOP declined by 0.6% during 2024, moving from $12M to $12M in total assets. Net income was $-70,820.
Where can I find official filings for Martin ESOP?
Official Form 5500 filings for Martin ESOP are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 752789062 or plan name at efast.dol.gov.
How does Martin ESOP compare to other plans?
You can compare Martin ESOP against other 401(k) plans on the plan type page, or view plans in Texas 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 752789062.

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.