Civic Intelligence

Fincher L. Martin

Plan context: Martin Farms Defined Benefit Pension Plan

EIN 56-1720474 • Wadesboro, NC • 16 filings • 2 plans

9517 Pinkston River RoadWadesboro, NC 28170
Current Snapshot

Latest Year

2022

2022 Participants

2

2022 Assets

$2,129,147

2022 Contributions

$400,000

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,129,147$1,064,574$0201420182022YearValue
$2,129,147Latest year 2022

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

320201420182022YearValue
2Latest year 2022

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202212$2,129,147$400,000$200,000iApproximate average salary by contribution assumption: employee only about $5,000,000 at 4% or $3,333,333 at 6%; with 50% employer match about $3,333,333 at 4% or $2,222,222 at 6%; with 100% employer match about $2,500,000 at 4% or $1,666,667 at 6%.
Martin Farms Defined Benefit Pension Plan-2$2,129,147$400,000$200,000iApproximate average salary by contribution assumption: employee only about $5,000,000 at 4% or $3,333,333 at 6%; with 50% employer match about $3,333,333 at 4% or $2,222,222 at 6%; with 100% employer match about $2,500,000 at 4% or $1,666,667 at 6%.
202112$1,907,012$0-
Martin Farms Defined Benefit Pension Plan-2$1,907,012--
202023$1,834,635$213,000$71,000iApproximate average salary by contribution assumption: employee only about $1,775,000 at 4% or $1,183,333 at 6%; with 50% employer match about $1,183,333 at 4% or $788,889 at 6%; with 100% employer match about $887,500 at 4% or $591,667 at 6%.
Martin Farms Defined Benefit Pension Plan-2$1,602,842$140,000$70,000iApproximate average salary by contribution assumption: employee only about $1,750,000 at 4% or $1,166,667 at 6%; with 50% employer match about $1,166,667 at 4% or $777,778 at 6%; with 100% employer match about $875,000 at 4% or $583,333 at 6%.
Martin Farms Profit Sharing Plan-3$231,793$73,000$24,333iApproximate average salary by contribution assumption: employee only about $608,333 at 4% or $405,556 at 6%; with 50% employer match about $405,556 at 4% or $270,370 at 6%; with 100% employer match about $304,167 at 4% or $202,778 at 6%.
201923$1,393,758$372,000$124,000iApproximate average salary by contribution assumption: employee only about $3,100,000 at 4% or $2,066,667 at 6%; with 50% employer match about $2,066,667 at 4% or $1,377,778 at 6%; with 100% employer match about $1,550,000 at 4% or $1,033,333 at 6%.
Martin Farms Defined Benefit Pension Plan-2$1,247,327$300,000$150,000iApproximate average salary by contribution assumption: employee only about $3,750,000 at 4% or $2,500,000 at 6%; with 50% employer match about $2,500,000 at 4% or $1,666,667 at 6%; with 100% employer match about $1,875,000 at 4% or $1,250,000 at 6%.
Martin Farms Profit Sharing Plan-3$146,431$72,000$24,000iApproximate average salary by contribution assumption: employee only about $600,000 at 4% or $400,000 at 6%; with 50% employer match about $400,000 at 4% or $266,667 at 6%; with 100% employer match about $300,000 at 4% or $200,000 at 6%.
201823$898,112$111,000$37,000iApproximate average salary by contribution assumption: employee only about $925,000 at 4% or $616,667 at 6%; with 50% employer match about $616,667 at 4% or $411,111 at 6%; with 100% employer match about $462,500 at 4% or $308,333 at 6%.
Martin Farms Defined Benefit Pension Plan-3$833,804$100,000$33,333iApproximate average salary by contribution assumption: employee only about $833,333 at 4% or $555,556 at 6%; with 50% employer match about $555,556 at 4% or $370,370 at 6%; with 100% employer match about $416,667 at 4% or $277,778 at 6%.
Martin Farms Profit Sharing Plan-3$64,308$11,000$3,667iApproximate average salary by contribution assumption: employee only about $91,667 at 4% or $61,111 at 6%; with 50% employer match about $61,111 at 4% or $40,741 at 6%; with 100% employer match about $45,833 at 4% or $30,556 at 6%.
201723$855,691$146,937$48,979iApproximate average salary by contribution assumption: employee only about $1,224,475 at 4% or $816,317 at 6%; with 50% employer match about $816,317 at 4% or $544,211 at 6%; with 100% employer match about $612,238 at 4% or $408,158 at 6%.
Martin Farms Defined Benefit Pension Plan-3$802,240$126,000$42,000iApproximate average salary by contribution assumption: employee only about $1,050,000 at 4% or $700,000 at 6%; with 50% employer match about $700,000 at 4% or $466,667 at 6%; with 100% employer match about $525,000 at 4% or $350,000 at 6%.
Martin Farms Profit Sharing Plan-3$53,451$20,937$6,979iApproximate average salary by contribution assumption: employee only about $174,475 at 4% or $116,317 at 6%; with 50% employer match about $116,317 at 4% or $77,544 at 6%; with 100% employer match about $87,238 at 4% or $58,158 at 6%.
201623$723,967$197,755$65,918iApproximate average salary by contribution assumption: employee only about $1,647,958 at 4% or $1,098,639 at 6%; with 50% employer match about $1,098,639 at 4% or $732,426 at 6%; with 100% employer match about $823,979 at 4% or $549,319 at 6%.
Martin Farms Defined Benefit Pension Plan-2$689,538$197,755$98,878iApproximate average salary by contribution assumption: employee only about $2,471,938 at 4% or $1,647,958 at 6%; with 50% employer match about $1,647,958 at 4% or $1,098,639 at 6%; with 100% employer match about $1,235,969 at 4% or $823,979 at 6%.
Martin Farms Profit Sharing Plan-3$34,429--
201523$517,001$354,035$118,012iApproximate average salary by contribution assumption: employee only about $2,950,292 at 4% or $1,966,861 at 6%; with 50% employer match about $1,966,861 at 4% or $1,311,241 at 6%; with 100% employer match about $1,475,146 at 4% or $983,431 at 6%.
Martin Farms Defined Benefit Pension Plan-2$472,554$337,535$168,768iApproximate average salary by contribution assumption: employee only about $4,219,188 at 4% or $2,812,792 at 6%; with 50% employer match about $2,812,792 at 4% or $1,875,194 at 6%; with 100% employer match about $2,109,594 at 4% or $1,406,396 at 6%.
Martin Farms Profit Sharing Plan-3$44,447$16,500$5,500iApproximate average salary by contribution assumption: employee only about $137,500 at 4% or $91,667 at 6%; with 50% employer match about $91,667 at 4% or $61,111 at 6%; with 100% employer match about $68,750 at 4% or $45,833 at 6%.
201423$198,188$216,344$72,115iApproximate average salary by contribution assumption: employee only about $1,802,867 at 4% or $1,201,911 at 6%; with 50% employer match about $1,201,911 at 4% or $801,274 at 6%; with 100% employer match about $901,433 at 4% or $600,956 at 6%.
Martin Farms Defined Benefit Pension Plan-2$174,012$192,168$96,084iApproximate average salary by contribution assumption: employee only about $2,402,100 at 4% or $1,601,400 at 6%; with 50% employer match about $1,601,400 at 4% or $1,067,600 at 6%; with 100% employer match about $1,201,050 at 4% or $800,700 at 6%.
Martin Farms Profit Sharing Plan-3$24,176$24,176$8,059iApproximate average salary by contribution assumption: employee only about $201,467 at 4% or $134,311 at 6%; with 50% employer match about $134,311 at 4% or $89,541 at 6%; with 100% employer match about $100,733 at 4% or $67,156 at 6%.