Mason Brothers 401(K) Profit Sharing Plan — Form 5500 plan (Mason Brothers 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, Mason Brothers 401(K) Profit Sharing Plan is a benefit plan reported by Mason Brothers Company under EIN 41-0397190 and plan number 001. The latest loaded filing year is 2023. The filing reports 312 participants and $20,261,860 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$20.3MPlan net assets, end of year$20,261,860
Participants312Covered participants reported
Assets / participant$64.9KComputed: assets ÷ participants$64,942 (computed)
Provider compensation$83.5K3 Schedule C provider row(s)$83,451
- Plan sponsor
- Mason Brothers Company
- EIN
- 41-0397190
- Plan number
- 001
- Plan type
- 2
- Location
- Wadena, MN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 312 | H, C | 20240814155330NAL0006933107001 |
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)$20.3M total assets
Net assets$20.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $20,261,860
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,261,860
- Net assets (BOY)
- $19,505,596
Income & contributions
- Employer contributions
- $741,981
- Participant contributions
- $558,034
- Total contributions
- $1,300,015
- Total income / additions
- $3,666,251
Expenses & distributions
- Benefits paid
- $2,853,931
- Administrative expenses
- $56,056
- Total expenses
- $2,909,987
- Net increase / (decrease)
- $756,264
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.
57%43%
Employer 57%Participant 43%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income78%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $41,213 | $0 | 2023 |
| Global Retirement Partners LLC | INVESTMENT ADVISORY | $0 | $27,395 | 2023 |
| Olsen Thielen & Co, Ltd | ACCOUNTANT | $14,843 | not reported in the loaded dataset | 2023 |