Madison / Standard Electric 401(K) Plan — Form 5500 plan (Madison Electric 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, Madison / Standard Electric 401(K) Plan is a benefit plan reported by Madison Electric Company under EIN 38-0783210 and plan number 003. The latest loaded filing year is 2023. The filing reports 409 participants and $42,391,976 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Madison Electric Company
- EIN
- 38-0783210
- Plan number
- 003
- Plan type
- 2
- Location
- Warren, MI
- Latest filing year
- 2023
- Participants
- 409
- End-of-year plan assets
- $42,391,976
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 409 | H, C | 20241014094914NAL0026949665001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $42,391,976
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $42,391,976
- Net assets (BOY)
- $35,989,103
Income & contributions
- Employer contributions
- $410,360
- Participant contributions
- $2,065,882
- Total contributions
- $2,485,537
- Total income / additions
- $8,021,519
Expenses & distributions
- Benefits paid
- $1,618,498
- Administrative expenses
- $148
- Total expenses
- $1,618,646
- Net increase / (decrease)
- $6,402,873
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wells Fargo Clearing Services LLC | ADVISOR | $29,940 | not reported in the loaded dataset | 2023 |
| Gordon Advisors, P.C. | ACCOUNTANT/AUDITOR | $16,500 | not reported in the loaded dataset | 2023 |
| Leafhouse | INVESTMENT ADVISOR | $15,183 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$63,139 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Madison Electric Company
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Warren, MI
- Wells Fargo Clearing Services LLC — Schedule C compensation
- Gordon Advisors, P.C. — Schedule C compensation
- Leafhouse — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation