Minnesota Elevator, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Minnesota Elevator, Inc.)
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, Minnesota Elevator, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Minnesota Elevator, Inc. under EIN 41-0972538 and plan number 003. The latest loaded filing year is 2023. The filing reports 342 participants and $31,739,949 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Minnesota Elevator, Inc.
- EIN
- 41-0972538
- Plan number
- 003
- Plan type
- 2
- Location
- Mankato, MN
- Latest filing year
- 2023
- Participants
- 342
- End-of-year plan assets
- $31,739,949
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 342 | H, C | 20240613150755NAL0014673747001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $31,739,949
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,739,949
- Net assets (BOY)
- $26,888,684
Income & contributions
- Employer contributions
- $575,042
- Participant contributions
- $2,072,560
- Total contributions
- $2,929,473
- Total income / additions
- $7,564,458
Expenses & distributions
- Benefits paid
- $3,700,352
- Administrative expenses
- $92,345
- Total expenses
- $3,792,697
- Net increase / (decrease)
- $3,771,761
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $92,344 | $0 | 2023 |
| Mma Securities LLC | INVESTMENT ADVISORY | $0 | $39,014 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Minnesota Elevator, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Mankato, MN
- Principal Life Insurance Company — Schedule C compensation
- Mma Securities LLC — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation