2023 Form 5500 filing — Midan Marketing Inc. Employee Stock Ownership 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 20240718083315NAL0011291202001) for Midan Marketing Inc. Employee Stock Ownership Plan, reported by Midan Marketing, Inc. under EIN 20-1811312 and plan number 003. It reports 119 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)-$1.6MReported net assets-$1,603,036
Participants119
Provider compensationNone reported
Schedules filedSchedule ILoaded schedules
EFAST2 acknowledgement
20240718083315NAL0011291202001
Plan sponsor
Midan Marketing, Inc.
EIN
20-1811312
Plan number
003
Location
Mooresville, NC
Received date
not reported in the loaded dataset
Schedule I · 2023

Reported financial snapshot

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

Reported balance (end of year)$2.2M total assets
Net assets-$1.6MLiabilities$3.8M
Money in vs. money out
Total income / additions-$2M
Total expenses$86.2K
Benefits paid / distributions$8.7K
Contributions
Employer$925.7K
Participant$0
Full reported line items
Total assets (EOY)
$2,189,000
Total liabilities (EOY)
$3,792,036
Net assets (EOY)
-$1,603,036
Employer contributions
$925,681
Participant contributions
$0
Total income / additions
-$1,990,319
Benefits paid
$8,681
Administrative expenses
$0
Total expenses
$86,216
Net increase / (decrease)
-$2,076,535

Related Form 5500 pages