Martin Engineering Company 401(K) Profit Sharing Plan — Form 5500 plan (Martin Engineering Company)
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, Martin Engineering Company 401(K) Profit Sharing Plan is a benefit plan reported by Martin Engineering Company under EIN 36-2336135 and plan number 002. The latest loaded filing year is 2023. The filing reports 272 participants and $41,564,030 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Martin Engineering Company
- EIN
- 36-2336135
- Plan number
- 002
- Plan type
- 2
- Location
- Neponset, IL
- Latest filing year
- 2023
- Participants
- 272
- End-of-year plan assets
- $41,564,030
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 272 | H, C | 20241001124229NAL0006724097001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $41,564,030
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,564,030
- Net assets (BOY)
- $34,395,158
Income & contributions
- Employer contributions
- $776,742
- Participant contributions
- $1,819,791
- Total contributions
- $2,725,457
- Total income / additions
- $8,931,781
Expenses & distributions
- Benefits paid
- $1,695,803
- Administrative expenses
- $67,106
- Total expenses
- $1,762,909
- Net increase / (decrease)
- $7,168,872
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $54,777 | $0 | 2023 |
| Global Retirement | CONSULTANT | $36,984 | $4,000 | 2023 |
| The Retirement Advantage Inc | OTHER SERVICES | $0 | $25,000 | 2023 |