Midea America Corporation 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Midea America Corporation)
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, Midea America Corporation 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Midea America Corporation under EIN 20-0487988 and plan number 001. The latest loaded filing year is 2023. The filing reports 285 participants and $16,964,866 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$17MPlan net assets, end of year$16,964,866
Participants285Covered participants reported
Assets / participant$59.5KComputed: assets ÷ participants$59,526 (computed)
Provider compensation$63.6K3 Schedule C provider row(s)$63,562
- Plan sponsor
- Midea America Corporation
- EIN
- 20-0487988
- Plan number
- 001
- Plan type
- 2
- Location
- Parsippany, NJ
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 285 | H, C | 20241010141342NAL0036033584001 |
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)$17M total assets
Net assets$17MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $16,964,866
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,964,866
- Net assets (BOY)
- $11,219,279
Income & contributions
- Employer contributions
- $991,745
- Participant contributions
- $2,267,630
- Total contributions
- $4,693,935
- Total income / additions
- $7,193,456
Expenses & distributions
- Benefits paid
- $1,384,638
- Administrative expenses
- $44,763
- Total expenses
- $1,447,869
- Net increase / (decrease)
- $5,745,587
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.
30%70%
Employer 30%Participant 70%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income19%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $44,762 | $0 | 2023 |
| Doerenmayhew | OTHER SERVICES | $0 | $10,300 | 2023 |
| Rbc Wealth Management | CONSULTANT | $0 | $8,500 | 2023 |