2023 Form 5500 filing — Mmg Insurance Company 401(K) Retirement 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 20241002161254NAL0017244562003) for Mmg Insurance Company 401(K) Retirement Savings Plan, reported by Mmg Insurance Company under EIN 01-0021090 and plan number 002. It reports 314 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)$48.6MReported net assets$48,581,783
Participants314
Provider compensation$22.3K2 Schedule C row(s)$22,329
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241002161254NAL0017244562003
- Plan sponsor
- Mmg Insurance Company
- EIN
- 01-0021090
- Plan number
- 002
- Location
- Presque Isle, ME
- 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)$48.6M total assets
Net assets$48.6MLiabilities—
Full reported line items
- Total assets (EOY)
- $48,581,783
- Net assets (EOY)
- $48,581,783
- Employer contributions
- $1,540,213
- Participant contributions
- $2,173,841
- Total income / additions
- $11,312,725
- Benefits paid
- $4,712,171
- Administrative expenses
- $65,129
- Total expenses
- $4,780,838
- Net increase / (decrease)
- $6,531,887
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Chester M. Kearney, Cpa | AUDITOR | $14,245 | not reported in the loaded dataset |
| John Hancock Life Insurance Company | RECORDKEEPER | $8,084 | not reported in the loaded dataset |