Defined Benefit (Pension) · DOL Form 5500 · 2023

Madison Gas and Electric Company Pension Plan

Data updated 2026-08-25

$267M
Total assets Near avg plan size
103
Participants Small participant base
96th
Percentile by assets National rank
$2.6M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Madison Gas and Electric Company Retirement Plan · Sponsored by Madison Gas and Electric Company · Wisconsin · Utilities

$267M in assets, 103 participants

Madison Gas and Electric Company's Madison Gas and Electric Company Retirement Plan reported $267M in total assets and 103 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #541 in Utilities (721 peers)

Coverage in Wisconsin

Madison Gas and Electric Company Retirement Plan covers 103 participants in Wisconsin, about 18% of the average Wisconsin filer (state average ~563 per filing). Assets: $267M.

#541
in Utilities (721 peers)
+8.5%
assets growth YoY
2.7×
vs typical plan assets (national mean)

Madison Gas and Electric Company Retirement Plan's outsized position by total assets

Madison Gas and Electric Company Retirement Plan vs every filed plan by assets

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

$267,465,983 Top 4% higher than 96% of 127,068 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 2023

Madison Gas and Electric Company Retirement 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. Madison Gas and Electric Company Retirement Plan sits mid-pack in the medium band (103 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Madison Gas and Electric Company Retirement Plan reported net income rose from -$71M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Madison Gas and Electric Company Retirement Plan reported participants fell from 125 in the plan year 2022 filing to 103 in the plan year 2023 filing.
  • Madison Gas and Electric Company Retirement Plan end-of-year assets rose from $246M in the plan year 2022 filing to $267M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 390444025 · Madison Gas and Electric Company PY 2023 · Defined Benefit (Pension)

Madison Gas and Electric Company Retirement Plan · $267M · 103 · 96th

  • EOY $267M
  • 5500 103
  • ASSETS 96th
  • PCT Defined Benefit (Pension)
  • EIN near Community Bank System, Inc. Pension Plan
  • RANK ind #541

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 and Electric Company Retirement Plan in the asset neighbourhood

Whx Pension Plan II$268MMadison Gas and Electric Company Retirement PlanMadison Gas and Electric Com…$267MCommunity Bank System, Inc. Pension PlanCommunity Bank System, Inc. …$267MRetirement Plan for Employees of Reckitt Benckiser LLCRetirement Plan for Employee…$267MMoen Incorporated Pension PlanMoen Incorporated Pension Pl…$267M
End-of-year total assets ($M) among Madison Gas and Electric Company Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$246M
Net Assets (End of Year)$267M
Net Income$21M
Employer EIN390444025
Plan Effective Date1940-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Madison Gas and Electric Company)

Sponsor-wide plan assets over time

All Madison Gas and 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 and Electric Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 01234 Total assets ($B) Participants Madison Gas and Electric Company Retirement Plan, Total assets ($B): 0.267465983 · Participants: 103Madison Gas and Electric Company Retirement PlanThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.298151091 · Participants: 8348The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 3.267131995 · Participants: 9960Building Trades United Pension Trust Fund Milwaukee and VicinityThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 2.08393057 · Participants: 7368The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.912240682 · Participants: 1560Harley-Davidson Retirement PlanRockwell Automation Pension Plan, Total assets ($B): 1.77661124 · Participants: 2136Rockwell Automation Pension Plan
Madison Gas and Electric Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Madison Gas and Electric Company Retirement Plan side-by-side with 3 peers →

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

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is Community Bank System, Inc. Pension Plan in NY ($267M); by covered participants it is Pension Plan for Hawaii Dental Service in HI (103 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($267M here).

Similar participant headcount

Nearest other-state filings by covered participants (103 participants); asset peers above are excluded.

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 Madison Gas and Electric Company Retirement Plan assets move in 2023? ▼
Madison Gas and Electric Company Retirement Plan grew at a solid clip - up 8.5% during 2023, from $246M to $267M. Reported net income was $21M.
How have Madison Gas and Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Madison Gas and Electric Company's sponsor-wide assets grew 20.5%, from $704M to $848M.
Where does Madison Gas and Electric Company Retirement Plan rank by assets among Form 5500 filers? ▼
Madison Gas and Electric Company Retirement Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Madison Gas and Electric Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Community Bank System, Inc. Pension Plan in NY ($267M, 2,476 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Madison Gas and Electric Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Hawaii Dental Service in HI (103 participants, $42M 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 390444025.

Read our methodology - how this data is sourced, computed, and verified.

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