2023 Form 5500 filing — Minnesota Elevator, Inc. 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240613150755NAL0014673747001) for Minnesota Elevator, Inc. 401(K) Profit Sharing Plan, reported by Minnesota Elevator, Inc. under EIN 41-0972538 and plan number 003. It reports 342 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240613150755NAL0014673747001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Minnesota Elevator, Inc.
- EIN
- 41-0972538
- Plan number
- 003
- Location
- Mankato, MN
- Participants
- 342
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $31,739,949
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,739,949
- Employer contributions
- $575,042
- Participant contributions
- $2,072,560
- Total income / additions
- $7,564,458
- Benefits paid
- $3,700,352
- Administrative expenses
- $92,345
- Total expenses
- $3,792,697
- Net increase / (decrease)
- $3,771,761
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $92,344 | $0 |
| Mma Securities LLC | INVESTMENT ADVISORY | $0 | $39,014 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |