Willmar Electric 401(K) Plan — Form 5500 plan (Willmar Electric Service Corp.)
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, Willmar Electric 401(K) Plan is a benefit plan reported by Willmar Electric Service Corp. under EIN 20-5963761 and plan number 001. The latest loaded filing year is 2023. The filing reports 210 participants and $14,607,764 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Willmar Electric Service Corp.
- EIN
- 20-5963761
- Plan number
- 001
- Plan type
- 2
- Location
- Willmar, MN
- Latest filing year
- 2023
- Participants
- 210
- End-of-year plan assets
- $14,607,764
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 210 | H, C | 20241014084034NAL0045345520001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,607,764
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,607,764
- Net assets (BOY)
- $11,613,705
Income & contributions
- Employer contributions
- $640,005
- Participant contributions
- $921,654
- Total contributions
- $1,567,098
- Total income / additions
- $3,843,004
Expenses & distributions
- Benefits paid
- $808,817
- Administrative expenses
- $40,128
- Total expenses
- $848,945
- Net increase / (decrease)
- $2,994,059
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Avantax Advisory Services | PARTY-IN-INTEREST | $20,142 | not reported in the loaded dataset | 2023 |
| The Vanguard Group, Inc. | PARTY-IN-INTEREST | $19,986 | $0 | 2023 |