Martin Equipment of Illinois 401(k) match, vesting and fees
What Martin Equipment of Illinois' 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 | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Forvis Mazars (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,074 defined-contribution plans in wholesale trade with 100 to 499 participants.
| Martin Equipment of Illinois: employer contribution per participant | $3,759 | |
| Peer median | $1,988 |
| Martin Equipment of Illinois: average balance | $138,926 | |
| Peer median | $75,431 |
| Martin Equipment of Illinois: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.31% |
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 $18.1M at the end of plan year 2021 to $21M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 163 | $21M | $568K | $3,759 | 0.11% | Not published | Form 5500 ↗ |
| 2023 | 181 | $17.2M | $500K | $166,504 | 0.36% | Not published | Form 5500 ↗ |
| 2022 | 176 | $15.3M | $482K | $3,303 | 0.32% | Not published | Form 5500 ↗ |
| 2021 | 164 | $18.1M | $213K | $1,467 | 0.50% | Not published | Form 5500 ↗ |
Common questions
Does Martin Equipment of Illinois match 401(k) contributions?
The match terms for the Martin Equipment 401(k) and Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $568K in employer contributions, about $3,759 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Martin Equipment of Illinois 401(k) match vested?
The vesting schedule for the Martin Equipment 401(k) and Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Martin Equipment of Illinois 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is Martin Equipment of Illinois, Inc..
I left Martin Equipment of Illinois. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Martin Equipment of Illinois, Inc., (309) 965-2502) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The Martin Equipment of Illinois old 401(k) page lists the contacts from every plan filing. Find an old Martin Equipment of Illinois 401(k)
Data from the public Form 5500 annual reports Martin Equipment of Illinois 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 Martin Equipment of Illinois. Not financial advice. Report a correction · Methodology