2023 Form 5500 filing — Modern Welding 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 20241011145543NAL0044738130001) for Modern Welding Company 401(K) Savings Plan, reported by Modern Welding Company, Inc. under EIN 61-1229111 and plan number 002. It reports 478 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011145543NAL0044738130001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Modern Welding Company, Inc.
- EIN
- 61-1229111
- Plan number
- 002
- Location
- Owensboro, KY
- Participants
- 478
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $32,059,480
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,059,480
- Employer contributions
- $591,681
- Participant contributions
- $1,406,348
- Total income / additions
- $6,446,971
- Benefits paid
- $1,698,700
- Administrative expenses
- $96,630
- Total expenses
- $1,795,330
- Net increase / (decrease)
- $4,651,641
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ameriprise Financial | NONE | $48,375 | not reported in the loaded dataset |
| Ascensus LLC | NONE | $39,255 | $2,317 |
| Mcm Cpas And Advisors Llp | NONE | $9,000 | not reported in the loaded dataset |