2023 Form 5500 filing — Midwest Machinery Co. 401(K) 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 20240924080327NAL0004554035001) for Midwest Machinery Co. 401(K) Plan, reported by Minnesota Ag Power, Inc. Dba Midwest Machinery Co. under EIN 20-0145525 and plan number 001. It reports 872 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924080327NAL0004554035001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Minnesota Ag Power, Inc. Dba Midwest Machinery Co.
- EIN
- 20-0145525
- Plan number
- 001
- Location
- Glencoe, MN
- Participants
- 872
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $48,746,839
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $48,746,839
- Employer contributions
- $1,465,043
- Participant contributions
- $3,345,167
- Total income / additions
- $12,738,289
- Benefits paid
- $3,362,357
- Administrative expenses
- $150,097
- Total expenses
- $3,517,144
- Net increase / (decrease)
- $9,221,145
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ledge Wealth Management Inc | INVESTMENT ADVISOR | $85,480 | not reported in the loaded dataset |
| Empower Annuity Insurance Company O | RECORDKEEPER | $49,920 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $14,697 | not reported in the loaded dataset |