Mcmillan Electric Company Salary Savings Plan — Form 5500 plan (Mcmillan Electric 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, Mcmillan Electric Company Salary Savings Plan is a benefit plan reported by Mcmillan Electric Company under EIN 93-0660807 and plan number 001. The latest loaded filing year is 2023. The filing reports 284 participants and $21,385,729 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$21.4MPlan net assets, end of year$21,385,729
Participants284Covered participants reported
Assets / participant$75.3KComputed: assets ÷ participants$75,302 (computed)
Provider compensation$14.4K1 Schedule C provider row(s)$14,423
Plan sponsor
Mcmillan Electric Company
EIN
93-0660807
Plan number
001
Plan type
2
Location
Woodville, WI
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023284H, C20250325102243NAL0028692338001
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)$21.4M total assets
Net assets$21.4MLiabilities$0
Money in vs. money out
Total income / additions$3.9M
Total expenses$1.4M
Benefits paid / distributions$1.4M
Contributions
Employer$298.3K
Participant$714.6K
Full reported line items

Net assets

Total assets (EOY)
$21,385,729
Total liabilities (EOY)
$0
Net assets (EOY)
$21,385,729
Net assets (BOY)
$18,911,272

Income & contributions

Employer contributions
$298,308
Participant contributions
$714,573
Total contributions
$1,012,881
Total income / additions
$3,911,345

Expenses & distributions

Benefits paid
$1,425,364
Administrative expenses
$7,192
Total expenses
$1,436,888
Net increase / (decrease)
$2,474,457
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.

Contribution share (employer vs. participant)
Employer 29%Participant 71%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Minnesota Life Insurance CompanyNONE$14,423$02023

Related Form 5500 pages