2023 Form 5500 filing — Madison / Standard Electric 401(K) 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 20241014094914NAL0026949665001) for Madison / Standard Electric 401(K) Plan, reported by Madison Electric Company under EIN 38-0783210 and plan number 003. It reports 409 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014094914NAL0026949665001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Madison Electric Company
- EIN
- 38-0783210
- Plan number
- 003
- Location
- Warren, MI
- Participants
- 409
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $42,391,976
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $42,391,976
- Employer contributions
- $410,360
- Participant contributions
- $2,065,882
- Total income / additions
- $8,021,519
- Benefits paid
- $1,618,498
- Administrative expenses
- $148
- Total expenses
- $1,618,646
- Net increase / (decrease)
- $6,402,873
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wells Fargo Clearing Services LLC | ADVISOR | $29,940 | not reported in the loaded dataset |
| Gordon Advisors, P.C. | ACCOUNTANT/AUDITOR | $16,500 | not reported in the loaded dataset |
| Leafhouse | INVESTMENT ADVISOR | $15,183 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | -$63,139 | $0 |