Carter Machinery 401(k) match, vesting and fees
What Carter Machinery's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Brown Edwards & Company, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 348 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Carter Machinery: employer contribution per participant | $5,660 | |
| Peer median | $2,066 |
| Carter Machinery: average balance | $139,878 | |
| Peer median | $77,876 |
| Carter Machinery: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.14% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $392M at the end of plan year 2021 to $466M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,384 | $466M | $18.9M | $5,660 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 3,191 | $406M | $16.3M | $5,292 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 2,871 | $341M | $14M | $5,063 | 0.04% | Not published | Form 5500 ↗ |
| 2021 | 2,448 | $392M | $11.9M | $5,242 | 0.03% | Not published | Form 5500 ↗ |
Common questions
Does Carter Machinery match 401(k) contributions?
The match terms for the Employees' Retirement and Savings Plan of Carter Machinery Company, Inc. have not been published from its filing yet. The plan year 2024 filing reports $18.9M in employer contributions, about $5,660 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Carter Machinery 401(k) match vested?
The vesting schedule for the Employees' Retirement and Savings Plan of Carter Machinery Company, Inc. is not in the data published so far. Your Summary Plan Description states it.
Who manages the Carter Machinery 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Carter Machinery Company, Inc..
I left Carter Machinery. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Carter Machinery Company, Inc., (540) 682-2906) or the recordkeeper, Empower Annuity Insurance Company O. The Carter Machinery old 401(k) page lists the contacts from every plan filing. Find an old Carter Machinery 401(k)
Data from the public Form 5500 annual reports Carter Machinery filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Carter Machinery. Not financial advice. Report a correction · Methodology