Mona Electric Group, Inc. 401(K) Retirement Plan — Form 5500 plan (Mona Electric Group, 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, Mona Electric Group, Inc. 401(K) Retirement Plan is a benefit plan reported by Mona Electric Group, Inc. under EIN 52-0846122 and plan number 002. The latest loaded filing year is 2023. The filing reports 128 participants and $16,509,942 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$16.5MPlan net assets, end of year$16,509,942
Participants128Covered participants reported
Assets / participant$129KComputed: assets ÷ participants$128,984 (computed)
Provider compensation$90.9K4 Schedule C provider row(s)$90,853
- Plan sponsor
- Mona Electric Group, Inc.
- EIN
- 52-0846122
- Plan number
- 002
- Plan type
- 2
- Location
- Clinton, MD
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 128 | H, C | 20241007124358NAL0016067857001 |
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)$16.5M total assets
Net assets$16.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $16,509,942
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,509,942
- Net assets (BOY)
- $14,069,389
Income & contributions
- Employer contributions
- $308,215
- Participant contributions
- $675,608
- Total contributions
- $1,072,821
- Total income / additions
- $3,496,673
Expenses & distributions
- Benefits paid
- $1,000,050
- Administrative expenses
- $56,070
- Total expenses
- $1,056,120
- Net increase / (decrease)
- $2,440,553
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.
31%69%
Employer 31%Participant 69%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income29%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $56,070 | $0 | 2023 |
| Raymond James Financial Services | INVESTMENT ADVISORY | $0 | $28,176 | 2023 |
| Raymond James Insurance Group Inc | OTHER SERVICES | $0 | $6,607 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Mona Electric Group, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Clinton, MD
- Principal Life Insurance Company — Schedule C compensation
- Raymond James Financial Services — Schedule C compensation
- Raymond James Insurance Group Inc — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation