Midwest Energy Incentive Savings Plan — Form 5500 plan (Midwest Energy Cooperative)
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, Midwest Energy Incentive Savings Plan is a benefit plan reported by Midwest Energy Cooperative under EIN 38-3386126 and plan number 002. The latest loaded filing year is 2023. The filing reports 193 participants and $22,725,738 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Midwest Energy Cooperative
- EIN
- 38-3386126
- Plan number
- 002
- Plan type
- 2
- Location
- Cassopolis, MI
- Latest filing year
- 2023
- Participants
- 193
- End-of-year plan assets
- $22,725,738
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 193 | H, C | 20240816075426NAL0008134291001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $22,725,738
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,725,738
- Net assets (BOY)
- $18,351,854
Income & contributions
- Employer contributions
- $1,201,499
- Participant contributions
- $1,179,620
- Total contributions
- $2,474,309
- Total income / additions
- $5,714,203
Expenses & distributions
- Benefits paid
- $1,265,098
- Administrative expenses
- $75,221
- Total expenses
- $1,340,319
- Net increase / (decrease)
- $4,373,884
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $75,261 | $0 | 2023 |
| Wells Fargo Advisors Ins Agency LLC | OTHER SERVICES | $0 | $22,421 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Midwest Energy Cooperative
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Cassopolis, MI
- Principal Life Insurance Company — Schedule C compensation
- Wells Fargo Advisors Ins Agency LLC — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation