Martin Resource Management Corporation 401(k) Review & Grade
Martin 401(k) Plan
Kilgore, TXTransportation & Warehousing1,612 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,259Employer $ per active participant
$4,401Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$132.6MNet plan assets, end of year
$68,160Average balance per account
Score breakdown
- Employer generosity37.5 / 5075th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 70th |
| Employee saving | 68th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,831 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Martin Resource Management put in about $2,259 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,642,721 |
| Participant (employee) contributions | $7,096,308 |
| Other contributions (incl. rollovers in) | $742,830 |
| Administrative expenses paid from the plan | $146,833 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $116,784 |
| Benefits paid out | $10,408,221 |
| Net assets, start / end of year | $111.5M / $132.6M |
| Active participants, start / end of year | 1,583 / 1,642 |
| Participants with account balances | 1,945 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gollob Morgan Peddy P.C. |
Largest service providers (Schedule C)
| Regions Bank | $60,000 reported compensation |
| Strategic Advisors, Inc. | $56,784 reported compensation |
| Gollob Morgan Peddy PC | $40,150 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820095154NAL0001544803001, received 2025-08-20, EIN 75-2789062, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.