Employees' Pension Plan Of Modern Welding Company Inc. — Form 5500 plan (Modern Welding Company, Inc.)
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, Employees' Pension Plan Of Modern Welding Company Inc. is a benefit plan reported by Modern Welding Company, Inc. under EIN 61-1229111 and plan number 001. The latest loaded filing year is 2023. The filing reports 366 participants and $13,737,164 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Modern Welding Company, Inc.
- EIN
- 61-1229111
- Plan number
- 001
- Plan type
- 2
- Location
- Owensboro, KY
- Latest filing year
- 2023
- Participants
- 366
- End-of-year plan assets
- $13,737,164
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 366 | H, C | 20251009163054NAL0004098963001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,737,164
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,737,164
- Net assets (BOY)
- $18,211,706
Income & contributions
- Employer contributions
- $300,000
- Total contributions
- $300,000
- Total income / additions
- $914,907
Expenses & distributions
- Benefits paid
- $5,023,889
- Administrative expenses
- $365,560
- Total expenses
- $5,389,449
- Net increase / (decrease)
- -$4,474,542
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mercer Us LLC | ACTUARY | $273,550 | not reported in the loaded dataset | 2023 |
| Mercer Investment | NONE | $54,268 | $0 | 2023 |
| State Street | NONE | $28,292 | not reported in the loaded dataset | 2023 |
| Cherry Berkaert Llp | NONE | $9,450 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Modern Welding Company, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in KY
- 401(k) and benefit plan filings in Owensboro, KY
- Mercer Us LLC — Schedule C compensation
- Mercer Investment — Schedule C compensation
- State Street — Schedule C compensation
- Cherry Berkaert Llp — Schedule C compensation