Mactac 401(K) And Profit Sharing Plan — Form 5500 plan (Morgan Adhesives Company, LLC)
Plain-English plan 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, Mactac 401(K) And Profit Sharing Plan is a benefit plan reported by Morgan Adhesives Company, LLC under EIN 34-1910968 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,068 participants and $80,351,916 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$80.4MPlan net assets, end of year$80,351,916
Participants1.1KCovered participants reported1,068
Assets / participant$75.2KComputed: assets ÷ participants$75,236 (computed)
Provider compensation$120.6K2 Schedule C provider row(s)$120,640
- Plan sponsor
- Morgan Adhesives Company, LLC
- EIN
- 34-1910968
- Plan number
- 001
- Plan type
- 2
- Location
- Stow, OH
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,068 | H, C | 20241015082306NAL0047019792001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$80.4M total assets
Net assets$80.4MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $80,351,916
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $80,351,916
- Net assets (BOY)
- $67,923,218
Income & contributions
- Employer contributions
- $2,451,840
- Participant contributions
- $5,640,012
- Total contributions
- $8,975,719
- Total income / additions
- $20,006,983
Expenses & distributions
- Benefits paid
- $7,062,601
- Administrative expenses
- $120,640
- Total expenses
- $7,232,391
- Net increase / (decrease)
- $12,774,592
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
30%70%
Employer 30%Participant 70%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income35%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $120,640 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |