2023 Form 5500 filing — M.I.L., Inc. 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 20240924170331NAL0004848259001) for M.I.L., Inc. 401(K) Plan, reported by Magnetic Inspection Laboratory, Inc under EIN 36-2814092 and plan number 002. It reports 237 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924170331NAL0004848259001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magnetic Inspection Laboratory, Inc
- EIN
- 36-2814092
- Plan number
- 002
- Location
- Elk Grove, IL
- Participants
- 237
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,300,176
- Total liabilities (EOY)
- $287
- Net assets (EOY)
- $16,299,889
- Employer contributions
- $727,608
- Participant contributions
- $957,622
- Total income / additions
- $4,090,474
- Benefits paid
- $3,026,146
- Administrative expenses
- $13,786
- Total expenses
- $3,039,932
- Net increase / (decrease)
- $1,050,542
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alliance Pension Consultants | RECORDKEEPER | $13,786 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | CUSTODIAN | $0 | $9,760 |