Defined Benefit (Pension) · DOL Form 5500 · 2022

Madison Gas & Electric Company Pension Plan

Data updated 2026-08-25

$160M
Total assets Near avg plan size
108
Participants Small participant base
95th
Percentile by assets National rank
$1.5M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Madison Gas & Electric Company Retirement Plan for Bargaining Employees · Sponsored by Madison Gas & Electric Company · Wisconsin · Utilities

$160M in assets, 108 participants

Madison Gas & Electric Company's Madison Gas & Electric Company Retirement Plan for Bargaining Employees reported $160M in total assets and 108 participants in its 2022 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #523 in Utilities (738 peers)

Coverage in Wisconsin

Madison Gas & Electric Company Retirement Plan for Bargaining Employees covers 108 participants in Wisconsin, about 19% of the average Wisconsin filer (state average ~563 per filing). Assets: $160M.

#523
in Utilities (738 peers)
-21.8%
assets change YoY
1.6×
vs typical plan assets (national mean)

The plan reported a net loss of $45M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Madison Gas & Electric Company Retirement Plan for Bargaining Employees's outsized position by total assets

Madison Gas & Electric Company Retirement Plan for Bargaining Employees vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$160,083,695 Top 5% higher than 95% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Madison Gas & Electric Company Retirement Plan for Bargaining Employees among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Madison Gas & Electric Company Retirement Plan for Bargaining Employees sits mid-pack in the medium band (108 participants).

EBSA filing schedule strip

Filing strip 390444025 · Madison Gas & Electric Company PY 2022 · Defined Benefit (Pension)

Madison Gas & Electric Company Retirement Plan for Bargaining Employees · $160M · 108 · 95th

  • ASSETS $160M
  • ASSETS 108
  • ASSETS 95th
  • ASSETS Defined Benefit (Pension)
  • ASSETS near University of Maryland Medical System Corporation Pension Plan
  • ASSETS ind #523

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Wisconsin →

Madison Gas & Electric Company Retirement Plan for Bargaining Employees in the asset neighbourhood

Blue Cross and Blue Shield of Kansas City Pension PlanBlue Cross and Blue Shield o…$160MUniversity of Maryland Medical System Corporation Pension PlanUniversity of Maryland Medic…$160MMadison Gas & Electric Company Retirement Plan for Bargaining EmployeesMadison Gas & Electric Compa…$160MRetirement Benefit Plan for Salaried Employees of Asarco LLCRetirement Benefit Plan for …$160MUnited Assn of Journeymen Plumbers & Pipefitters Local 357 Pension PlanUnited Assn of Journeymen Pl…$160M
End-of-year total assets ($M) among Madison Gas & Electric Company Retirement Plan for Bargaining Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Wisconsin filing particulars

Total Assets (Beginning of Year)$205M
Net Assets (End of Year)$160M
Net Income-$45M
Employer EIN390444025
Plan Effective Date1940-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Madison Gas & Electric Company)

Sponsor-wide plan assets over time

All Madison Gas & Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$848M 20.488829943297915% vs 2022
2024 filing year
$650M$700M$750M$800M$850M$900M 202220232024 $704M $848M ▲ +20.5%
Year Plans Participants Total Assets
2022 6 934 $704M
2023 6 897 $785M
2024 6 882 $848M

Nearby Defined Benefit (Pension) Plans in Wisconsin

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Madison Gas & Electric Company Retirement Plan for Bargaining Employees vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 01234 Total assets ($B) Participants Madison Gas & Electric Company Retirement Plan for Bargaining Employees, Total assets ($B): 0.160083695 · Participants: 108Madison Gas & Electric Company Retirement Plan for Bargaining EmployeesThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.074208374 · Participants: 7377The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 2.951985172 · Participants: 9724Building Trades United Pension Trust Fund Milwaukee and VicinityRockwell Automation Pension Plan, Total assets ($B): 2.144532065 · Participants: 3077Rockwell Automation Pension PlanThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 1.927367772 · Participants: 7278The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.826706645 · Participants: 1744Harley-Davidson Retirement Plan
Madison Gas & Electric Company Retirement Plan for Bargaining Employees vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants

Madison Gas & Electric Company Retirement Plan for Bargaining Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is University of Maryland Medical System Corporation Pension Plan in MD ($160M); by covered participants it is Aar Cadillac Manufacturing Division Pension Plan for Hourly Employees in IL (108 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Madison Gas & Electric Company Retirement Plan for Bargaining Employees assets move in 2022?
Madison Gas & Electric Company Retirement Plan for Bargaining Employees declined sharply - down 21.8% during 2022, from $205M to $160M. Reported net income was -$45M.
How have Madison Gas & Electric Company plan assets changed over time?
Across 3 plan years on file (2022-2024), Madison Gas & Electric Company's sponsor-wide assets grew 20.5%, from $704M to $848M.
Where does Madison Gas & Electric Company Retirement Plan for Bargaining Employees rank by assets among Form 5500 filers?
Madison Gas & Electric Company Retirement Plan for Bargaining Employees ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Madison Gas & Electric Company Retirement Plan for Bargaining Employees?
Among Defined Benefit (Pension) plans in other states, the closest by assets is University of Maryland Medical System Corporation Pension Plan in MD ($160M, 1,978 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Madison Gas & Electric Company Retirement Plan for Bargaining Employees?
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Aar Cadillac Manufacturing Division Pension Plan for Hourly Employees in IL (108 participants, N/A in assets).