2023 Form 5500 filing — Employees' Pension Plan Of Modern Welding Company Inc.
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 20251009163054NAL0004098963001) for Employees' Pension Plan Of Modern Welding Company Inc., reported by Modern Welding Company, Inc. under EIN 61-1229111 and plan number 001. It reports 366 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20251009163054NAL0004098963001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Modern Welding Company, Inc.
- EIN
- 61-1229111
- Plan number
- 001
- Location
- Owensboro, KY
- Participants
- 366
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,737,164
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,737,164
- Employer contributions
- $300,000
- Total income / additions
- $914,907
- Benefits paid
- $5,023,889
- Administrative expenses
- $365,560
- Total expenses
- $5,389,449
- Net increase / (decrease)
- -$4,474,542
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mercer Us LLC | ACTUARY | $273,550 | not reported in the loaded dataset |
| Mercer Investment | NONE | $54,268 | $0 |
| State Street | NONE | $28,292 | not reported in the loaded dataset |
| Cherry Berkaert Llp | NONE | $9,450 | not reported in the loaded dataset |