Mars Electric Company 401(K) Savings Plan — Form 5500 plan (Mars Electric Company)
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, Mars Electric Company 401(K) Savings Plan is a benefit plan reported by Mars Electric Company under EIN 34-0837654 and plan number 001. The latest loaded filing year is 2023. The filing reports 242 participants and $19,046,544 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Mars Electric Company
- EIN
- 34-0837654
- Plan number
- 001
- Plan type
- 2
- Location
- Mayfield Village, OH
- Latest filing year
- 2023
- Participants
- 242
- End-of-year plan assets
- $19,046,544
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 242 | H, C | 20240830092743NAL0014730225001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,046,544
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,046,544
- Net assets (BOY)
- $16,163,847
Income & contributions
- Employer contributions
- $577,602
- Participant contributions
- $1,021,659
- Total contributions
- $1,676,572
- Total income / additions
- $4,627,471
Expenses & distributions
- Benefits paid
- $1,677,286
- Administrative expenses
- $67,488
- Total expenses
- $1,744,774
- Net increase / (decrease)
- $2,882,697
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $67,488 | $7,188 | 2023 |
| Raymond James Financial Services In | CONSULTANT | $0 | $20,444 | 2023 |