Michigan Scientific Corporation 401(K) Plan — Form 5500 plan (Michigan Scientific 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, Michigan Scientific Corporation 401(K) Plan is a benefit plan reported by Michigan Scientific Corporation under EIN 38-1747670 and plan number 002. The latest loaded filing year is 2023. The filing reports 112 participants and $17,173,989 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Michigan Scientific Corporation
- EIN
- 38-1747670
- Plan number
- 002
- Plan type
- 2
- Location
- Milford, MI
- Latest filing year
- 2023
- Participants
- 112
- End-of-year plan assets
- $17,173,989
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 112 | H, C | 20240717071744NAL0004085969001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,173,989
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,173,989
- Net assets (BOY)
- $17,827,293
Income & contributions
- Employer contributions
- $239,508
- Participant contributions
- $966,476
- Total contributions
- $1,205,984
- Total income / additions
- $4,655,459
Expenses & distributions
- Benefits paid
- $5,302,320
- Administrative expenses
- $6,443
- Total expenses
- $5,308,763
- Net increase / (decrease)
- -$653,304
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ascensus LLC | NONE | $6,045 | $0 | 2023 |