2023 Form 5500 filing — Michigan Scientific Corporation 401(K) Plan

Plain-English filing summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240717071744NAL0004085969001) for Michigan Scientific Corporation 401(K) Plan, reported by Michigan Scientific Corporation under EIN 38-1747670 and plan number 002. It reports 112 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$17.2MReported net assets$17,173,989
Participants112
Provider compensation$6K1 Schedule C row(s)$6,045
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240717071744NAL0004085969001
Plan sponsor
Michigan Scientific Corporation
EIN
38-1747670
Plan number
002
Location
Milford, MI
Received date
not reported in the loaded dataset
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$17.2M total assets
Net assets$17.2MLiabilities$0
Money in vs. money out
Total income / additions$4.7M
Total expenses$5.3M
Benefits paid / distributions$5.3M
Contributions
Employer$239.5K
Participant$966.5K
Full reported line items
Total assets (EOY)
$17,173,989
Total liabilities (EOY)
$0
Net assets (EOY)
$17,173,989
Employer contributions
$239,508
Participant contributions
$966,476
Total income / additions
$4,655,459
Benefits paid
$5,302,320
Administrative expenses
$6,443
Total expenses
$5,308,763
Net increase / (decrease)
-$653,304

Reported service provider compensation (Schedule C)

Compensation reported on the 2023 filing
ProviderServiceDirect comp.Indirect comp.
Ascensus LLCNONE$6,045$0

Related Form 5500 pages