Marek Brothers System, Inc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Marek Brothers System, Inc 401(k) Plan Facts (plan year 2021)

Plan name
MAREK BROTHERS FAMILY OF COMPANIES PROFIT SHARING PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MAREK BROTHERS SYSTEM, INC
Participants
1,691 (1,387 active employees)
Former employees with a balance
237
Plan assets
$107,841,006 at Dec 31, 2021
Average account balance
$70,901 across 1,521 accounts
Employer contributions
$1,106,628 in plan year 2021 (16% of all contributions)
Recordkeeper
Benefit Plans Adminstrative Service
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 1966
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 6, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $7.07 million went into the plan in contributions, $1.11 million of it from the employer (16%).
  • $7.96 million was paid out to participants.
  • Investment and other income added $11.6 million.
  • Administrative expenses were $54,005, about $36 per account.

How the Marek Brothers System, Inc 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20161,732$61.5 million$1.04 million$3.14 million
20171,893$72.1 million$1.15 million$3.91 million
20181,746$71.8 million$1.18 million$4.16 million
20191,770$86.1 million$1.29 million$6.47 million
20201,726$97.4 million$1.18 million$8.45 million
20211,691$107.8 million$1.11 million$7.96 million

Marek Brothers System, Inc 401(k) Contact Information

Phone
713-681-9287
Mailing address
3539 OAK FOREST DRIVE, HOUSTON TX 77018
Plan sponsor
MAREK BROTHERS SYSTEM, INC
Employer identification number (EIN)
76-0054652
Plan number
002

Questions about the Marek Brothers System, Inc 401(k)

Is the Marek Brothers System, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Marek Brothers System, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $1.11 million, 16% of all contributions.

Does the Marek Brothers System, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Marek Brothers System, Inc 401(k) plan?

1,691 participants at the start of plan year 2021, 1,387 of them active employees, and 237 former employees who still had money in the plan.

What is the average 401(k) balance at Marek Brothers System, Inc?

About $70,901 per account: $107.8 million in plan assets across 1,521 accounts with a balance at the end of plan year 2021.

Who manages the Marek Brothers System, Inc 401(k) accounts?

BENEFIT PLANS ADMINSTRATIVE SERVICE is the plan's recordkeeper, which is where participants log in to see their balance.

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