Mason Brothers 401(K) Profit Sharing Plan — Form 5500 plan (Mason Brothers 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, Mason Brothers 401(K) Profit Sharing Plan is a benefit plan reported by Mason Brothers Company under EIN 41-0397190 and plan number 001. The latest loaded filing year is 2023. The filing reports 312 participants and $20,261,860 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Mason Brothers Company
- EIN
- 41-0397190
- Plan number
- 001
- Plan type
- 2
- Location
- Wadena, MN
- Latest filing year
- 2023
- Participants
- 312
- End-of-year plan assets
- $20,261,860
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 312 | H, C | 20240814155330NAL0006933107001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,261,860
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,261,860
- Net assets (BOY)
- $19,505,596
Income & contributions
- Employer contributions
- $741,981
- Participant contributions
- $558,034
- Total contributions
- $1,300,015
- Total income / additions
- $3,666,251
Expenses & distributions
- Benefits paid
- $2,853,931
- Administrative expenses
- $56,056
- Total expenses
- $2,909,987
- Net increase / (decrease)
- $756,264
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $41,213 | $0 | 2023 |
| Global Retirement Partners LLC | INVESTMENT ADVISORY | $0 | $27,395 | 2023 |
| Olsen Thielen & Co, Ltd | ACCOUNTANT | $14,843 | not reported in the loaded dataset | 2023 |