401(k) · DOL Form 5500 · 2024

Madison Electric Company 401(k) Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
428
Participants Below avg headcount
83rd
Percentile by assets National rank
$108,428
Avg per participant Below avg balance/head
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Official DOL plan name: Madison / Standard Electric 401(k) Plan · Sponsored by Madison Electric Company · Michigan · Wholesale Trade

$46M in assets, 428 participants

Madison Electric Company's Madison / Standard Electric 401(k) Plan reported $46M in total assets and 428 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • #5,112 in Wholesale Trade (6,080 peers)

Where Madison / Standard Electric 401(k) Plan sits by assets

Madison / Standard Electric 401(k) Plan sits in the top quartile of all filed plans by assets, $46M for 428 participants (~$108,428/participant), up 9.5% in 2024.

#5,112
in Wholesale Trade (6,080 peers)
+9.5%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Madison / Standard Electric 401(k) Plan's outsized position by total assets

Madison / Standard Electric 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$46,407,306 Top 17% higher than 83% of 123,620 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 2024

Madison / Standard Electric 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Madison / Standard Electric 401(k) Plan sits mid-pack in the medium band (428 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Madison / Standard Electric 401(k) Plan reported net income fell from $6M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Madison / Standard Electric 401(k) Plan end-of-year assets rose from $42M in the plan year 2023 filing to $46M in the plan year 2024 filing.
  • Madison / Standard Electric 401(k) Plan reported participants rose from 399 in the plan year 2023 filing to 428 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 380783210 · Madison Electric Company PY 2024 · 401(k)

Madison / Standard Electric 401(k) Plan · $46M · 428 · 83rd

  • BOOK $46M
  • BOOK 428
  • BOOK 83rd
  • BOOK 401(k)
  • BOOK near Gemma Power Systems 401(k) Plan
  • BOOK ind #5112

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 Wholesale Trade retirement plans → · Plans in Michigan →

Madison / Standard Electric 401(k) Plan in the asset neighbourhood

Kag 401(k) Retirement Plan$46MMadison / Standard Electric 401(k) PlanMadison / Standard Electric …$46MGemma Power Systems 401(k) PlanGemma Power Systems 401(k) P…$46MWirtgen Employee 401(k) Plan$46MLazer Spot, Inc. 401(k) Plan$46M
End-of-year total assets ($M) among Madison / Standard Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$42M
Net Assets (End of Year)$46M
Net Income$4M
Employer EIN380783210
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Madison Electric Company)

Sponsor-wide plan assets over time

All Madison Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$46M 28.948215241708024% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $36M $46.4M ▲ +29.0%
Year Plans Participants Total Assets
2022 1 290 $36M
2023 1 399 $42M
2024 1 428 $46M

Nearby 401(k) Plans in Michigan

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

Madison / Standard Electric 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Madison / Standard Electric 401(k) Plan, Total assets ($B): 0.046407306 · Participants: 428Madison / Standard Electric 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Madison / Standard Electric 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Madison / Standard Electric 401(k) Plan side-by-side with 3 peers →

Madison / Standard Electric 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Gemma Power Systems 401(k) Plan in CT ($46M); by covered participants it is Saber Fitness/Planet Fitness-401 in CA (428 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($46M here).

Similar participant headcount

Nearest other-state filings by covered participants (428 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Madison / Standard Electric 401(k) Plan assets move in 2024? ▼
Madison / Standard Electric 401(k) Plan grew at a solid clip - up 9.5% during 2024, from $42M to $46M. Reported net income was $4M.
How have Madison Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Madison Electric Company's sponsor-wide assets grew 28.9%, from $36M to $46M.
Where does Madison / Standard Electric 401(k) Plan rank by assets among Form 5500 filers? ▼
Madison / Standard Electric 401(k) Plan ranks in the 83rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Madison / Standard Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gemma Power Systems 401(k) Plan in CT ($46M, 207 participants).
Which 401(k) plans cover a similar participant headcount to Madison / Standard Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Saber Fitness/Planet Fitness-401 in CA (428 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 380783210.

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.