401(k) · DOL Form 5500 · 2022

Madone Inc 401(k) Profit Sharing Plan & Trust

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$1M
Total assets
143
Participants
8th
Percentile by assets

Sponsored by Madone Inc · Minnesota · Food Services & Accommodation

What the 2022 filing shows

Madone Inc 401(k) Profit Sharing Plan & Trust holds $1M for 143 participants - about $10,097 per participant, among the smaller plans by assets on file, up 3.4% over the 2022 plan year.

$1M
total plan assets (2022 EOY)
143
covered participants
8th
percentile by assets (of 84,055 plans)
$10,097
avg assets per participant
Total Assets (2023)
$1M
Participants
143
State
Industry
Food Services & Accommodation

What the Filing Says About Madone Inc 401(k) Profit Sharing Plan & Trust

Madone Inc 401(k) Profit Sharing Plan & Trust is a 401(k) retirement plan sponsored by Madone Inc, headquartered in Minnesota. As of the 2022 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 143 participants across the Food Services & Accommodation industry. The sponsor's EIN on file with the U.S. Department of Labor is 411565932, and the plan has been effective since 2014-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1M at the beginning of 2022 to $1M at year-end - a gain of 3.4%. Net assets (after liabilities) closed the year at $1M, with reported net income of $48K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$1M
Total Assets (End of Year)$1M
Net Assets (End of Year)$1M
Net Income$48K
Plan Type401(k)
Employer EIN411565932
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Madone Inc)

Year Plans Participants Total Assets
2022 1 143 $1M
2023 1 158 $2M
2024 1 194 $2M

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Frequently Asked Questions

How much money is in the Madone Inc 401(k) Profit Sharing Plan & Trust?
As of the 2022 Form 5500 filing, Madone Inc 401(k) Profit Sharing Plan & Trust holds $1M in total assets with 143 participants. It is sponsored by Madone Inc.
What type of plan is Madone Inc 401(k) Profit Sharing Plan & Trust?
Madone Inc 401(k) Profit Sharing Plan & Trust is a 401(k) plan. It has been effective since 2014-01-01. The plan is filed with the U.S. Department of Labor under EIN 411565932.
Who sponsors the Madone Inc 401(k) Profit Sharing Plan & Trust?
Madone Inc 401(k) Profit Sharing Plan & Trust is sponsored by Madone Inc, located in Minnesota. The sponsor's EIN is 411565932 and the plan operates in the Food Services & Accommodation industry.
How did Madone Inc 401(k) Profit Sharing Plan & Trust perform in 2022?
Madone Inc 401(k) Profit Sharing Plan & Trust grew by 3.4% during 2022, moving from $1M to $1M in total assets. Net income was $48K.
Where can I find official filings for Madone Inc 401(k) Profit Sharing Plan & Trust?
Official Form 5500 filings for Madone Inc 401(k) Profit Sharing Plan & Trust are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 411565932 or plan name at efast.dol.gov.
How does Madone Inc 401(k) Profit Sharing Plan & Trust compare to other plans?
You can compare Madone Inc 401(k) Profit Sharing Plan & Trust against other 401(k) plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411565932.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.