401(k) · DOL Form 5500 · 2023

Madison Gas and Electric Company 401(k) Plan

Data updated 2026-08-25

$68M
Total assets Below avg plan size
270
Participants Below avg headcount
88th
Percentile by assets National rank
$250,355
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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

$68M in assets, 270 participants

Madison Gas and Electric Company's Madison Gas and Electric Company Retirement Savings Plan reported $68M in total assets and 270 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #416 in Utilities (721 peers)

Coverage in Wisconsin

Madison Gas and Electric Company Retirement Savings Plan covers 270 participants in Wisconsin, about 48% of the average Wisconsin filer (state average ~563 per filing). Assets: $68M.

#416
in Utilities (721 peers)
+29.6%
assets growth YoY
0.7×
vs typical plan assets (national mean)

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

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

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

$67,595,978 Top 12% higher than 88% 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 Savings 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 Savings Plan sits mid-pack in the medium band (270 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Madison Gas and Electric Company Retirement Savings Plan reported net income rose from -$6M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Madison Gas and Electric Company Retirement Savings Plan end-of-year assets rose from $52M in the plan year 2022 filing to $68M in the plan year 2023 filing.
  • Madison Gas and Electric Company Retirement Savings Plan reported participants rose from 256 in the plan year 2022 filing to 270 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 390444025 · Madison Gas and Electric Company PY 2023 · 401(k)

Madison Gas and Electric Company Retirement Savings Plan · $68M · 270 · 88th

  • VS-ST $68M
  • BOY 270
  • SCH 88th
  • EBSA 401(k)
  • PART near Ontario Systems, LLC 401(k) Plan
  • TYPE ind #416

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 Savings Plan in the asset neighbourhood

Madison Gas and Electric Company Retirement Savings PlanMadison Gas and Electric Com…$68MOntario Systems, LLC 401(k) PlanOntario Systems, LLC 401(k) …$68MKeystone Agency Partners 401(k) PlanKeystone Agency Partners 401…$68MNinyo & Moore Geotechnical & Environmental Sciences ConsultantsNinyo & Moore Geotechnical &…$68MBcs Automotive Interface Solutions U.S. LLC 401(k) Savings PlanBcs Automotive Interface Sol…$68M
End-of-year total assets ($M) among Madison Gas and Electric Company Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$68M
Net Income$15M
Employer EIN390444025
Plan Effective Date2007-01-01
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 401(k) Plans in Wisconsin

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

Madison Gas and Electric Company Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -20246810 Total assets ($B) Participants Madison Gas and Electric Company Retirement Savings Plan, Total assets ($B): 0.067595978 · Participants: 270Madison Gas and Electric Company Retirement Savings PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 9.125723544 · Participants: 76956Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 6.160116767 · Participants: 28904Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 4.81171463 · Participants: 25280Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.550761 · Participants: 11236Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.62235882 · Participants: 8877Rockwell Automation Retirement Savings Plan
Madison Gas and Electric Company Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Madison Gas and Electric Company Retirement Savings Plan side-by-side with 3 peers →

Madison Gas and Electric Company Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Wisconsin, the nearest 401(k) by assets is Ontario Systems, LLC 401(k) Plan in IN ($68M); by covered participants it is Revision Military 401(k) Retirement Plan in VT (270 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (270 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 Savings Plan assets move in 2023? ▼
Madison Gas and Electric Company Retirement Savings Plan grew sharply - up 29.6% during 2023, from $52M to $68M. Reported net income was $15M.
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 Savings Plan rank by assets among Form 5500 filers? ▼
Madison Gas and Electric Company Retirement Savings Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Madison Gas and Electric Company Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ontario Systems, LLC 401(k) Plan in IN ($68M, 503 participants).
Which 401(k) plans cover a similar participant headcount to Madison Gas and Electric Company Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Revision Military 401(k) Retirement Plan in VT (270 participants, $3M 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.