Illinois › Retail trade › 1,000 to 4,999 participants
Form 5500 statement · plan year 27 Mar 2024 to 25 Mar 2025
Martin & Bayley, Inc. Employee Stock Ownership Plan and Trust
Sponsored by Martin & Bayley, Inc., Carmi, IL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Martin & Bayley, Inc. of Carmi, Illinois sponsors Martin & Bayley, Inc. Employee Stock Ownership Plan and Trust, an employee stock ownership plan. Its Form 5500 for the plan year ending 25 Mar 2025 shows 1,104 participants (934 active) and $121M in net assets.
Net assets came to $109,196 per participant, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $36,708 median for defined contribution plans in retail trade. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $2.0M during the year, or $2,149 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled $10.8M.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $15K: $13.82 per participant, well below the same-size median of $82.08. Administrative expenses charged to the plan were $15K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.1M in 2009 to $121M in 2024 (up 10512%), and participants from 793 to 1,104 (up 39%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $109,196 | $50,295 | $36,708 | $53,102 |
| Employer contributions per active participant | $2,149 | $2,045 | $999 | $2,175 |
| Schedule C compensation per participant | $13.82 | $82.08 | $121 | $123 |
| Schedule C compensation, share of net assets | 0.01% | 0.17% | 0.36% | 0.26% |
| Administrative expenses per participant | $13.81 | $82.20 | $114 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), retail trade (3,794) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 1,104 | $121M | $109,196 | $2.0M | — | $15K |
| 2023 | 992 | $116M | $116,789 | $2.6M | — | $31K |
| 2022 | 897 | $110M | $122,469 | $5.0M | — | $19K |
| 2021 | 837 | $87.9M | $105,004 | $6.7M | — | $32K |
| 2020 | 806 | $70.3M | $87,270 | $5.2M | — | $6,000 |
| 2019 | 723 | $54.7M | $75,629 | $2.1M | — | $9,000 |
| 2018 | 751 | $49.9M | $66,387 | $2.1M | — | $0 |
| 2017 | 693 | $41.6M | $60,074 | $1.2M | — | $0 |
| 2016 | 696 | $48.9M | $70,305 | $1.2M | — | $0 |
| 2015 | 700 | $40.4M | $57,733 | $1.2M | — | $0 |
| 2014 | 736 | $33.6M | $45,605 | $2.7M | — | $0 |
| 2013 | 740 | $26.7M | $36,055 | $2.4M | — | $0 |
| 2012 | 805 | $41.9M | $52,053 | $2.1M | — | $0 |
| 2011 | 968 | $37.3M | $38,497 | $2.3M | — | $0 |
| 2010 | 902 | $28.7M | $31,782 | $2.3M | — | $0 |
| 2009 | 793 | $1.1M | $1,433 | — | $122K | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$115,855,063
- Employer contributions$2,007,405
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,007,405
- Total income, including investment results$16,391,074
- Benefits paid$10,769,305
- Administrative expenses$15,243
- Total expenses$11,694,234
- Net income$4,696,840
- Net transfers$0
- Net assets, end of year$120,551,903
Participants
- Active participants934
- Retired or separated, receiving benefits8
- Retired or separated, entitled to future benefits158
- Participants with account balances1,047
- Total participants, end of year1,104
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transition Finance Strategies | Contract Administrator | $9,340 | $0 |
| LPL Financial | Investment management | $5,920 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$9,340
- Investment advisory and management fees$5,903
- Total administrative expenses$15,243
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Employer securities$157M · 99.0%
- Registered investment companies (mutual funds)$809K · 0.5%
- Cash (interest and non-interest bearing)$804K · 0.5%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmKatz, Sapper & Miller, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2PLeveraged ESOP2QThe employer maintaining this ESOP is an S corporation
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 447100: Gasoline Stations (including convenience stores with gas).
Other plans of Martin & Bayley, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Martin & Bayley, Inc. 401(k) Plan | 2,669 | $8.1M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| R.P. Lumber & Plummer Companies 401(k) Plan | R.P. Lumber Co., Inc. | 1,126 | $34.6M | $30,704 |
| Daiohs USA, Inc. 401(k) Savings and Profit Sharing Plan | Daiohs USA, Inc. | 1,097 | $23.3M | $21,204 |
| Cit Trucks Retirement Readiness Plan | Cit Trucks, LLC | 1,141 | $67.1M | $58,849 |
| Caputo's New Farm Produce, Inc. 401(k) Plan | Caputo's New Farm Produce - Addison, Inc. | 987 | $10.5M | $10,617 |
| Local 786 I.B. of T. Severance Trust Fund | Board of Trustees of Local 786 I.B. of T. Severance Trust Fund | 1,164 | $41.0M | $35,227 |
| Road Ranger, LLC 401(k) Plan | Road Ranger, LLC | 975 | $2.7M | $2,735 |
Defined contribution plans in retail trade closest in size.
Questions and answers
How big is Martin & Bayley, Inc. Employee Stock Ownership Plan and Trust?
1,104 participants at the end of the plan year ending 25 Mar 2025, of whom 934 were active employees, with net assets of $120,551,903. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Martin & Bayley, Inc. contribute per participant?
The filing reports $2,007,405 in employer contributions for the year, which is $2,149 per active participant; the median for plans of the same type and size was $2,045 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $15,260 in compensation to service provider organisations, $13.82 per participant or 0.01% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $15,243. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Martin & Bayley, Inc.. Recordkeeping or administration: Transition Finance Strategies. Investment advisory or management: LPL Financial. The financial statements were audited by Katz, Sapper & Miller, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 27 Mar 2024 to 25 Mar 2025, received by the Department of Labor on 21 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 37-0948752, plan 002, received 21 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.