401(k) · DOL Form 5500 · 2023

Madison Gas and Electric Company 401(k) Plan

Data updated 2026-08-25

$81M
Total assets Below avg plan size
98
Participants Small participant base
90th
Percentile by assets National rank
$826,070
Avg per participant High balance/head
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Official DOL plan name: Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees · Sponsored by Madison Gas and Electric Company · Wisconsin · Utilities

$81M in assets, 98 participants

Madison Gas and Electric Company's Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees reported $81M in total assets and 98 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #434 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees ranks #434 of 721 2023 filers by assets (663% of the sector average)-$81M for 98 participants.

#434
in Utilities (721 peers)
+7.2%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees's outsized position by total assets

Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees vs every filed plan by assets

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

$80,954,879 Top 10% higher than 90% 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 401(k) Retirement Accumulation Plan for Bargaining Employees among smaller 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 401(k) Retirement Accumulation Plan for Bargaining Employees is a small filing (98 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees reported net income rose from -$18M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees reported participants fell from 107 in the plan year 2022 filing to 98 in the plan year 2023 filing.
  • Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees end-of-year assets rose from $76M in the plan year 2022 filing to $81M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

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

Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees · $81M · 98 · 90th

  • VS-ST $81M
  • BOY 98
  • SCH 90th
  • EBSA 401(k)
  • PART near Backoffice Associates, LLC Dba Syniti Profit Sharing Plan
  • TYPE ind #434

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 401(k) Retirement Accumulation Plan for Bargaining Employees in the asset neighbourhood

Stowers Machinery Corporation 401(k) PlanStowers Machinery Corporatio…$81MConfluent Medical Technologies 401(k) PlanConfluent Medical Technologi…$81MMadison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining EmployeesMadison Gas and Electric Com…$81MBackoffice Associates, LLC Dba Syniti Profit Sharing PlanBackoffice Associates, LLC D…$81MNavex Global 401(k) Plan$81M
End-of-year total assets ($M) among Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$76M
Net Assets (End of Year)$81M
Net Income$7M
Employer EIN390444025
Plan Effective Date1993-01-01
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 401(k) Retirement Accumulation Plan for Bargaining Employees vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -20246810 Total assets ($B) Participants Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees, Total assets ($B): 0.080954879 · Participants: 98Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining EmployeesAdvocate 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 401(k) Retirement Accumulation Plan for Bargaining Employees vs. nearby 401(k) plans in Wisconsin, assets vs. participants

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

Outside Wisconsin, the nearest 401(k) by assets is Backoffice Associates, LLC Dba Syniti Profit Sharing Plan in MA ($81M); by covered participants it is Blanco Enterprises 1081. 01(D) Retirement Plan in PR (98 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($81M here).

Similar participant headcount

Nearest other-state filings by covered participants (98 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 401(k) Retirement Accumulation Plan for Bargaining Employees assets move in 2023?
Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees grew at a solid clip - up 7.2% during 2023, from $76M to $81M. Reported net income was $7M.
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 401(k) Retirement Accumulation Plan for Bargaining Employees rank by assets among Form 5500 filers?
Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees?
Among 401(k) plans in other states, the closest by assets is Backoffice Associates, LLC Dba Syniti Profit Sharing Plan in MA ($81M, 430 participants).
Which 401(k) plans cover a similar participant headcount to Madison Gas and Electric Company 401(k) Retirement Accumulation Plan for Bargaining Employees?
Among 401(k) plans in other states, the closest by covered participants is Blanco Enterprises 1081. 01(D) Retirement Plan in PR (98 participants, $81K in assets).