Retirement plan

MARTIN RETIREMENT SAVINGS PLAN

Name: MARTIN TRACTOR, INC. D/B/A MARTIN - MARTIN RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: MARTIN TRACTOR, INC. D/B/A MARTIN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN RETIREMENT SAVINGS PLAN, MARTIN TRACTOR, INC. D/B/A MARTIN

MARTIN TRACTOR, INC. D/B/A MARTINEIN 37-1322641Plan #001PY 2024

250 E. MAIN STREET, SUITE 402 - GALESBURG, IL 61401309-343-1423

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$15.8M

+21.9% from 2023

Total participants

404

+3.6% from 2023

Average account balance

No prior year

Annual return

13.99%

-3.79 pp from 2023

Benchmarks

See 1,404 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,404 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$15.76M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$39K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

109

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.99%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MAQUOKETA STATE BANK2 years Service code 27 203 N MAIN ST · MAQUOKETA, IA 52060	Advisory (Plan)	$33,954
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$25,774
THE FINWAY GROUP2 years Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY · WEST DES MOINES, IA 50266	Contract Administrator	$23,731
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Service code 99 6300 BRIDGE POINT PKWY BLDG 1 · AUSTIN, TX 78730	Other Fees	$6,373

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$75K

$253 / participant

Contract admin$75K100.0%

% of EOY assets

0.473%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STRIEGEL KNOBLOCH & COMPANY LLC
Auditor EIN: 371122831
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,435-100.0%

$164,975-100.0%

$77,714-100.0%

Participation rate

0.0%

78.6%-78.6pp

70.6%-70.6pp

Annual return

13.99%

28.82%-14.8pp

70.12%-56.1pp

31.26%-17.3pp

Employer contribution / active EE

$1,982

$2,563-22.7%

$4,343-54.4%

$2,727-27.3%

Participant deferral / active EE

$4,187

$4,901-14.6%

$6,033-30.6%

$4,649-10.0%

Admin fee / account holder

$340-100.0%

$12,688-100.0%

$433-100.0%

Provider

Service type

Compensation

MAQUOKETA STATE BANK2 years

Service code 27

203 N MAIN ST · MAQUOKETA, IA 52060

Advisory (Plan)

$33,954

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$25,774

THE FINWAY GROUP2 years

Filed as: THE FINWAY GROUP LLC

Service code 13

5625 MILLS CIVIC PKWY · WEST DES MOINES, IA 50266

Contract Administrator

$23,731

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Service code 99

6300 BRIDGE POINT PKWY BLDG 1 · AUSTIN, TX 78730

Other Fees

$6,373

MARTIN RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion