South Central Minnesota Electrical Workers Retirement And 401(K) Plan — Form 5500 plan (Trustees Of South Central Minnesota Elec Workers Retirement And 401(K))
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, South Central Minnesota Electrical Workers Retirement And 401(K) Plan is a benefit plan reported by Trustees Of South Central Minnesota Elec Workers Retirement And 401(K) under EIN 41-1390063 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,506 participants and $306,555,098 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Trustees Of South Central Minnesota Elec Workers Retirement And 401(K)
- EIN
- 41-1390063
- Plan number
- 002
- Plan type
- 1
- Location
- Bloomington, MN
- Latest filing year
- 2023
- Participants
- 1,506
- End-of-year plan assets
- $306,555,098
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,506 | H, C | 20250415154248NAL0005921232005 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $306,555,098
- Total liabilities (EOY)
- $117,587
- Net assets (EOY)
- $306,437,511
- Net assets (BOY)
- $265,967,718
Income & contributions
- Employer contributions
- $8,884,726
- Participant contributions
- $1,801,707
- Total contributions
- $10,774,975
- Total income / additions
- $53,526,709
Expenses & distributions
- Benefits paid
- $12,770,817
- Administrative expenses
- $286,099
- Total expenses
- $13,056,916
- Net increase / (decrease)
- $40,469,793
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | NONE | $93,572 | $0 | 2023 |
| Wilson-Mcshane Corporation | NONE | $73,035 | not reported in the loaded dataset | 2023 |
| Rbc Wealth Management | NONE | $38,692 | not reported in the loaded dataset | 2023 |
| Shumaker, Loop & Kendrick | NONE | $27,631 | not reported in the loaded dataset | 2023 |
| Legacy Professionals Llp | NONE | $17,535 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Trustees Of South Central Minnesota Elec Workers Retirement And 401(K)
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Bloomington, MN
- Principal Life Insurance Company — Schedule C compensation
- Wilson-Mcshane Corporation — Schedule C compensation
- Rbc Wealth Management — Schedule C compensation
- Shumaker, Loop & Kendrick — Schedule C compensation
- Legacy Professionals Llp — Schedule C compensation