West Virginia › Construction › 250 to 499 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc.
Sponsored by The Mountain Company, Vienna, WV
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.
The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc. is a profit-sharing plan sponsored by The Mountain Company of Vienna, West Virginia. For the plan year ending 30 Apr 2025 it reported 406 participants, 215 of them active, and net assets of $52.9M.
Net assets came to $130,208 per participant, well above the $48,746 median for defined contribution plans with 250 to 499 participants and well above the $54,962 median for defined contribution plans in construction. 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 $1.7M during the year, or $7,685 per active participant against a same-size median of $2,017; participants contributed —. Benefits paid out totalled $3.7M.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $424K: $1,045 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $450K. 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 $20.2M in 2009 to $52.9M in 2024 (up 162%), and participants from 319 to 406 (up 27%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $130,208 | $48,746 | $54,962 | $53,102 |
| Employer contributions per active participant | $7,685 | $2,017 | $2,728 | $2,175 |
| Schedule C compensation per participant | $1,045 | $141 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.80% | 0.30% | 0.33% | 0.26% |
| Administrative expenses per participant | $1,107 | $133 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), construction (4,204) 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 | 406 | $52.9M | $130,207 | $1.7M | — | $424K |
| 2023 | 416 | $48.5M | $116,688 | $1.6M | — | $370K |
| 2022 | 406 | $42.4M | $104,451 | $1.4M | — | $424K |
| 2021 | 376 | $40.4M | $107,338 | $1.2M | — | $357K |
| 2020 | 385 | $48.0M | $124,639 | $1.2M | — | $392K |
| 2019 | 388 | $37.7M | $97,271 | $1.2M | — | $397K |
| 2018 | 376 | $39.5M | $105,178 | $1.1M | — | $358K |
| 2017 | 354 | $41.6M | $117,503 | $1.1M | — | $381K |
| 2016 | 378 | $38.1M | $100,685 | $1.0M | — | $316K |
| 2015 | 360 | $34.8M | $96,767 | $795K | — | $79K |
| 2014 | 351 | $36.8M | $104,855 | $772K | — | $71K |
| 2013 | 333 | $34.0M | $102,090 | $623K | — | $67K |
| 2012 | 329 | $30.1M | $91,416 | $694K | — | $62K |
| 2011 | 324 | $26.7M | $82,432 | $749K | — | $58K |
| 2010 | 322 | $23.8M | $73,758 | $504K | — | $54K |
| 2009 | 319 | $20.2M | $63,254 | $95K | — | $53K |
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$48,541,861
- Employer contributions$1,652,211
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,652,211
- Total income, including investment results$8,494,839
- Benefits paid$3,722,711
- Administrative expenses$449,532
- Total expenses$4,172,243
- Net income$4,322,596
- Net transfers$0
- Net assets, end of year$52,864,457
Participants
- Active participants215
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits190
- Participants with account balances401
- Total participants, end of year406
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ruane Cunniff & Goldfarb Inc. | Investment management | $191,927 | $0 |
| Gardner Russo & Quinn LLC | Investment management | $143,021 | $0 |
| Johnson Investment Counsel, Inc. | Investment management | $38,765 | $0 |
| Rea & Associates | Accounting (including auditing) | $17,000 | $0 |
| Charles Schwab Trust Bank | Trustee (bank, trust company, or similar financial institution); Other services | $10,721 | $0 |
| Metro Benefits, Inc. | Other services | $10,223 | $0 |
| October Three Consulting | Consulting (general) | $9,000 | $0 |
| Huntington Bank | Recordkeeping and information management; Trustee (bank, trust company, or similar financial institution) | $3,514 | $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$449,532
- Total administrative expenses$449,532
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.
- Corporate stocks$29.5M · 55.8%
- Cash (interest and non-interest bearing)$7.0M · 13.2%
- Corporate debt instruments$5.9M · 11.1%
- U.S. Government securities$4.9M · 9.2%
- Registered investment companies (mutual funds)$4.0M · 7.6%
- Receivables$1.7M · 3.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- 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
2AAge/service weighted or new comparability or similar plan2EProfit-sharing plan3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238100: Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding).
Similar plans in West Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| RDR Utility Services Group 401 (K) Plan | RDR Utility Services Group | 443 | $2.9M | $6,650 |
| J. F. Allen Company 401(k) Profit Sharing Plan | J. F. Allen Company | 374 | $19.6M | $52,521 |
| IBEW Local 968 Pension Fund | The Board of Trustees of the IBEW Local 968 Pension Fund | 449 | $79.2M | $176,458 |
| Kanawha Stone Company, Inc. & Affiliates 401(k) Plan | Kanawha Stone Company, Inc. | 311 | $20.8M | $66,900 |
| Applied Construction Solutions, Inc. 401(k) Plan | Applied Construction Solutions, Inc. | 461 | $3.4M | $7,423 |
| Kaley Group, Inc./krsm Inc. 401(k) Profit Sharing Plan | Kaley Group, Inc. | 185 | $21.9M | $118,370 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc.?
406 participants at the end of the plan year ending 30 Apr 2025, of whom 215 were active employees, with net assets of $52,864,457. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does The Mountain Company contribute per participant?
The filing reports $1,652,211 in employer contributions for the year, which is $7,685 per active participant; the median for plans of the same type and size was $2,017 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 $424,171 in compensation to service provider organisations, $1,045 per participant or 0.80% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $449,532. 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 The Mountain Company. Recordkeeping or administration: Huntington Bank. Investment advisory or management: Ruane Cunniff & Goldfarb Inc., Gardner Russo & Quinn LLC and Johnson Investment Counsel, Inc.. Trustee or custodian: Charles Schwab Trust Bank and Huntington Bank. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 1 May 2024 to 30 Apr 2025, received by the Department of Labor on 25 Nov 2025. 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 55-0488302, plan 001, received 25 Nov 2025; 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.