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, Material Control Systems, Inc. 401(K) Plan & Trust is a benefit plan reported by Material Control Systems, Inc under EIN 36-3456948 and plan number 001. The latest loaded filing year is 2023. The filing reports 193 participants and $2,955,435 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,955,435
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,955,435
- Net assets (BOY)
- $3,069,940
Income & contributions
- Employer contributions
- $189,818
- Participant contributions
- $368,157
- Total contributions
- $557,975
- Total income / additions
- $1,058,211
Expenses & distributions
- Benefits paid
- $1,117,869
- Administrative expenses
- $38,702
- Total expenses
- $1,172,716
- Net increase / (decrease)
- -$114,505