401(k) · DOL Form 5500 · 2023

Medina Electric Cooperative, Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets: 131
Participants Small participant base: 66th
Percentile by assets National rank: $109,368
Avg per participant Below avg balance/head

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Official DOL plan name: Mec 401(k) Plan · Sponsored by Medina Electric Cooperative, Inc. · Texas · Utilities

$14M in assets, 131 participants

Medina Electric Cooperative, Inc.'s Mec 401(k) Plan reported $14M in total assets and 131 participants in its 2023 DOL Form 5500 filing, ranking in the 66th 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.

#214 in Utilities (721 peers)

Coverage in Texas

Mec 401(k) Plan covers 131 participants in Texas, about 19% of the average Texas filer (state average ~688 per filing). Assets: $14M.

#214
in Utilities (721 peers): +10.2%
assets growth YoY

Mec 401(k) Plan's mid-pack asset rank among Utilities and all filers

Mec 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$14,327,185 Top 34% higher than 66% of 127,068 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Mec 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mec 401(k) Plan sits mid-pack in the medium band (131 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Mec 401(k) Plan reported net income rose from -$5M in the plan year 2022 filing to $1M in the plan year 2023 filing.
Mec 401(k) Plan end-of-year assets rose from $13M in the plan year 2022 filing to $14M in the plan year 2023 filing.
Mec 401(k) Plan reported participants rose from 127 in the plan year 2022 filing to 131 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 740779023 · Medina Electric Cooperative, Inc. PY 2023 · 401(k)

Mec 401(k) Plan · $14M · 131 · 66th

PCT $14M
PCT 131
PCT 66th
PCT 401(k)
PCT near Reid & Miller, Inc. Retirement Plan
PCT ind #214

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 Texas →

End-of-year total assets ($M) among Mec 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)	$13M
Net Assets (End of Year)	$14M
Net Income	$1M
Employer EIN	740779023
Plan Effective Date	1989-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Medina Electric Cooperative, Inc.)

Latest sponsor-wide plan assets: $16M 26.793839394400344% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	127	$13M
2023	1	131	$14M
2024	1	140	$16M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mec 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants

AT&T Retirement Savings Plan $40.0B · 119,854
Exxonmobil Savings Plan $21.9B · 23,477
Caterpillar 401(k) Savings Plan $16.5B · 41,679
American Airlines, Inc. 401(k) Plan $14.7B · 88,792
Dell Inc. 401(k) Plan $13.5B · 45,686

Compare Mec 401(k) Plan side-by-side with 3 peers →

Mec 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Reid & Miller, Inc. Retirement Plan in FL ($14M); by covered participants it is Galen Healthcare Solutions, Inc. 401(k) Plan in IL (131 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Reid & Miller, Inc. Retirement Plan (FL) $14M · 62
Cfra Research Retirement Plan (VA) $14M · 130
Mvp, Inc. 401(k) Savings Plan and Trust (TN) $14M · 187
Bandai Namco 401(k) Plan 2 (CA) $14M · 169

Similar participant headcount

Nearest other-state filings by covered participants (131 participants); asset peers above are excluded.

Galen Healthcare Solutions, Inc. 401(k) Plan (IL) 131 · 0 off
Hg Detroit Consult 401(k) Profit Plan & Trust (MI) 131 · 0 off
Area Agency on Aging, Region One, Incorporated 401(k) Plan (AZ) 131 · 0 off
National Distributors, Inc. Profit Sharing and Employees Retirement Savings Plan (ME) 131 · 0 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mec 401(k) Plan assets move in 2023? ▼

Mec 401(k) Plan grew at a solid clip - up 10.2% during 2023, from $13M to $14M. Reported net income was $1M.

How have Medina Electric Cooperative, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Medina Electric Cooperative, Inc.'s sponsor-wide assets grew 26.8%, from $13M to $16M.

Which 401(k) plans are similar in size to Mec 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Reid & Miller, Inc. Retirement Plan in FL ($14M, 62 participants).

Which 401(k) plans cover a similar participant headcount to Mec 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Galen Healthcare Solutions, Inc. 401(k) Plan in IL (131 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 740779023.