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, M.I.L., Inc. 401(K) Plan is a benefit plan reported by Magnetic Inspection Laboratory, Inc under EIN 36-2814092 and plan number 002. The latest loaded filing year is 2023. The filing reports 237 participants and $16,300,176 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,300,176
- Total liabilities (EOY)
- $287
- Net assets (EOY)
- $16,299,889
- Net assets (BOY)
- $15,249,347
Income & contributions
- Employer contributions
- $727,608
- Participant contributions
- $957,622
- Total contributions
- $1,712,595
- Total income / additions
- $4,090,474
Expenses & distributions
- Benefits paid
- $3,026,146
- Administrative expenses
- $13,786
- Total expenses
- $3,039,932
- Net increase / (decrease)
- $1,050,542