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, Modern Welding Company 401(K) Savings Plan is a benefit plan reported by Modern Welding Company, Inc. under EIN 61-1229111 and plan number 002. The latest loaded filing year is 2023. The filing reports 478 participants and $32,059,480 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $32,059,480
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,059,480
- Net assets (BOY)
- $27,407,839
Income & contributions
- Employer contributions
- $591,681
- Participant contributions
- $1,406,348
- Total contributions
- $1,998,029
- Total income / additions
- $6,446,971
Expenses & distributions
- Benefits paid
- $1,698,700
- Administrative expenses
- $96,630
- Total expenses
- $1,795,330
- Net increase / (decrease)
- $4,651,641