2023 Form 5500 filing — Malloy Electric 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 20241015174955NAL0030540497004) for Malloy Electric 401(K) Retirement Savings Plan, reported by Dmg, Incorporated Dba Malloy Electric under EIN 46-0311385 and plan number 001. It reports 217 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015174955NAL0030540497004
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Dmg, Incorporated Dba Malloy Electric
- EIN
- 46-0311385
- Plan number
- 001
- Location
- Sioux Falls, SD
- Participants
- 217
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,014,047
- Net assets (EOY)
- $11,014,047
- Employer contributions
- $245,309
- Participant contributions
- $724,828
- Total income / additions
- $2,545,196
- Benefits paid
- $1,564,787
- Administrative expenses
- $56,604
- Total expenses
- $1,624,204
- Net increase / (decrease)
- $920,992
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance | CONTACT ADMINISTRATOR | $54,669 | $0 |
| Principal Securities Inc | OTHER SERVICES | $0 | $23,566 |
| Retirement LLC Series Two | CONTACT ADMINISTRATOR | $1,500 | $5,200 |
| Definiti LLC | THIRD PARTY ADMINISTRATOR | $435 | $4,713 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |