2023 Form 5500 filing — Mars Electric Company 401(K) Savings 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 20240830092743NAL0014730225001) for Mars Electric Company 401(K) Savings Plan, reported by Mars Electric Company under EIN 34-0837654 and plan number 001. It reports 242 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240830092743NAL0014730225001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mars Electric Company
- EIN
- 34-0837654
- Plan number
- 001
- Location
- Mayfield Village, OH
- Participants
- 242
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,046,544
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,046,544
- Employer contributions
- $577,602
- Participant contributions
- $1,021,659
- Total income / additions
- $4,627,471
- Benefits paid
- $1,677,286
- Administrative expenses
- $67,488
- Total expenses
- $1,744,774
- Net increase / (decrease)
- $2,882,697
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $67,488 | $7,188 |
| Raymond James Financial Services In | CONSULTANT | $0 | $20,444 |