401(k) · DOL Form 5500 · 2023

Madison Gas & Electric Company 401(k) Plan

Data updated 2026-08-25

$156M
Total assets Near avg plan size
104
Participants Small participant base
94th
Percentile by assets National rank
$1.5M
Avg per participant High balance/head
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Official DOL plan name: Madison Gas & Electric Company 401(k) Retirement Accumulation Plan · Sponsored by Madison Gas & Electric Company · Wisconsin · Utilities

$156M in assets, 104 participants

Madison Gas & Electric Company's Madison Gas & Electric Company 401(k) Retirement Accumulation Plan reported $156M in total assets and 104 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #485 in Utilities (721 peers)

Coverage in Wisconsin

Madison Gas & Electric Company 401(k) Retirement Accumulation Plan covers 104 participants in Wisconsin, about 18% of the average Wisconsin filer (state average ~563 per filing). Assets: $156M.

#485
in Utilities (721 peers)
+11.7%
assets growth YoY
1.6×
vs typical plan assets (national mean)

Madison Gas & Electric Company 401(k) Retirement Accumulation Plan's outsized position by total assets

Madison Gas & Electric Company 401(k) Retirement Accumulation Plan vs every filed plan by assets

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

$155,769,259 Top 6% higher than 94% 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 & Electric Company 401(k) Retirement Accumulation 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 & Electric Company 401(k) Retirement Accumulation Plan sits mid-pack in the medium band (104 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Madison Gas & Electric Company 401(k) Retirement Accumulation Plan reported net income rose from -$45M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Madison Gas & Electric Company 401(k) Retirement Accumulation Plan reported participants fell from 126 in the plan year 2022 filing to 104 in the plan year 2023 filing.
  • Madison Gas & Electric Company 401(k) Retirement Accumulation Plan end-of-year assets rose from $139M in the plan year 2022 filing to $156M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

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

Madison Gas & Electric Company 401(k) Retirement Accumulation Plan · $156M · 104 · 94th

  • BOY $156M
  • BOY 104
  • BOY 94th
  • BOY 401(k)
  • BOY near Ascend Learning LLC 401(k) Plan
  • BOY ind #485

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 & Electric Company 401(k) Retirement Accumulation Plan in the asset neighbourhood

Noran Neurological Clinic, P. a. 401(k) Profit Sharing PlanNoran Neurological Clinic, P…$156MMadison Gas & Electric Company 401(k) Retirement Accumulation PlanMadison Gas & Electric Compa…$156MAscend Learning LLC 401(k) PlanAscend Learning LLC 401(k) P…$156MPresbyterian Health Plan 401(k) PlanPresbyterian Health Plan 401…$156MSnf Holding Company 401(k) Retirement PlanSnf Holding Company 401(k) R…$156M
End-of-year total assets ($M) among Madison Gas & Electric Company 401(k) Retirement Accumulation Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$139M
Net Assets (End of Year)$156M
Net Income$15M
Employer EIN390444025
Plan Effective Date1985-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Madison Gas & Electric Company)

Sponsor-wide plan assets over time

All Madison Gas & 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 & Electric Company 401(k) Retirement Accumulation Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -20246810 Total assets ($B) Participants Madison Gas & Electric Company 401(k) Retirement Accumulation Plan, Total assets ($B): 0.155769259 · Participants: 104Madison Gas & Electric Company 401(k) Retirement Accumulation 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 & Electric Company 401(k) Retirement Accumulation Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants

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

Outside Wisconsin, the nearest 401(k) by assets is Ascend Learning LLC 401(k) Plan in KS ($156M); by covered participants it is Penn Automotive, Inc. 401(k) Plan in MI (104 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($156M here).

Similar participant headcount

Nearest other-state filings by covered participants (104 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 & Electric Company 401(k) Retirement Accumulation Plan assets move in 2023? ▼
Madison Gas & Electric Company 401(k) Retirement Accumulation Plan grew at a solid clip - up 11.7% during 2023, from $139M to $156M. Reported net income was $15M.
How have Madison Gas & Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Madison Gas & Electric Company's sponsor-wide assets grew 20.5%, from $704M to $848M.
Where does Madison Gas & Electric Company 401(k) Retirement Accumulation Plan rank by assets among Form 5500 filers? ▼
Madison Gas & Electric Company 401(k) Retirement Accumulation Plan ranks in the 94th 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 & Electric Company 401(k) Retirement Accumulation Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ascend Learning LLC 401(k) Plan in KS ($156M, 1,559 participants).
Which 401(k) plans cover a similar participant headcount to Madison Gas & Electric Company 401(k) Retirement Accumulation Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Penn Automotive, Inc. 401(k) Plan in MI (104 participants, N/A in assets).