2023 Form 5500 filing — Mona Electric Group, Inc. 401(K) Retirement 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 20241007124358NAL0016067857001) for Mona Electric Group, Inc. 401(K) Retirement Plan, reported by Mona Electric Group, Inc. under EIN 52-0846122 and plan number 002. It reports 128 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)$16.5MReported net assets$16,509,942
Participants128
Provider compensation$90.9K4 Schedule C row(s)$90,853
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241007124358NAL0016067857001
- Plan sponsor
- Mona Electric Group, Inc.
- EIN
- 52-0846122
- Plan number
- 002
- Location
- Clinton, MD
- 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)$16.5M total assets
Net assets$16.5MLiabilities$0
Full reported line items
- Total assets (EOY)
- $16,509,942
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,509,942
- Employer contributions
- $308,215
- Participant contributions
- $675,608
- Total income / additions
- $3,496,673
- Benefits paid
- $1,000,050
- Administrative expenses
- $56,070
- Total expenses
- $1,056,120
- Net increase / (decrease)
- $2,440,553
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $56,070 | $0 |
| Raymond James Financial Services | INVESTMENT ADVISORY | $0 | $28,176 |
| Raymond James Insurance Group Inc | OTHER SERVICES | $0 | $6,607 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |