2023 Form 5500 filing — Material Control Systems, Inc. 401(K) Plan & Trust
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 20241004071939NAL0011858993001) for Material Control Systems, Inc. 401(K) Plan & Trust, reported by Material Control Systems, Inc under EIN 36-3456948 and plan number 001. It reports 193 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004071939NAL0011858993001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Material Control Systems, Inc
- EIN
- 36-3456948
- Plan number
- 001
- Location
- Port Byron, IL
- Participants
- 193
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,955,435
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,955,435
- Employer contributions
- $189,818
- Participant contributions
- $368,157
- Total income / additions
- $1,058,211
- Benefits paid
- $1,117,869
- Administrative expenses
- $38,702
- Total expenses
- $1,172,716
- Net increase / (decrease)
- -$114,505
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pentegra Retirement Services, Inc. | RECORDKEEPER | $31,112 | not reported in the loaded dataset |
| Quad City Investment Advisors, LLC | INVESTMENT ADVISORY | $7,590 | not reported in the loaded dataset |