Profit Sharing · DOL Form 5500 · 2024

Madison Industrial Solutions 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$9M
Total assets
137
Participants
25th
Percentile by assets

Sponsored by Madison Industrial Solutions Corporation · Illinois · Manufacturing

What the 2024 filing shows

Madison Industrial Solutions 401(k) Plan holds $9M for 137 participants - about $63,730 per participant, in the lower half of filed plans by assets, up 5.7% over the 2024 plan year.

$9M
total plan assets (2024 EOY)
137
covered participants
25th
percentile by assets (of 67,083 plans)
$63,730
avg assets per participant
Total Assets (2023)
$9M
Participants
137
State
Industry
Manufacturing

What the Filing Says About Madison Industrial Solutions 401(k) Plan

Madison Industrial Solutions 401(k) Plan is a Profit Sharing retirement plan sponsored by Madison Industrial Solutions Corporation, headquartered in Illinois. As of the 2024 Form 5500 filing, the plan reports $9M in total end-of-year assets and covers 137 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 472282126, and the plan has been effective since 2016-04-08. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2024 to $9M at year-end - a gain of 5.7%. Net assets (after liabilities) closed the year at $9M, with reported net income of $472K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$8M
Total Assets (End of Year)$9M
Net Assets (End of Year)$9M
Net Income$472K
Plan TypeProfit Sharing
Employer EIN472282126
Plan Effective Date2016-04-08
Filing StatusFILING RECEIVED

Sponsor Plan History (Madison Industrial Solutions Corporation)

Year Plans Participants Total Assets
2022 1 299 $13M
2023 1 257 $8M
2024 1 137 $9M

Nearby Profit Sharing Plans in Illinois

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Madison Industrial Solutions 401(k) Plan?
As of the 2024 Form 5500 filing, Madison Industrial Solutions 401(k) Plan holds $9M in total assets with 137 participants. It is sponsored by Madison Industrial Solutions Corporation.
What type of plan is Madison Industrial Solutions 401(k) Plan?
Madison Industrial Solutions 401(k) Plan is a Profit Sharing plan. It has been effective since 2016-04-08. The plan is filed with the U.S. Department of Labor under EIN 472282126.
Who sponsors the Madison Industrial Solutions 401(k) Plan?
Madison Industrial Solutions 401(k) Plan is sponsored by Madison Industrial Solutions Corporation, located in Illinois. The sponsor's EIN is 472282126 and the plan operates in the Manufacturing industry.
How did Madison Industrial Solutions 401(k) Plan perform in 2024?
Madison Industrial Solutions 401(k) Plan grew by 5.7% during 2024, moving from $8M to $9M in total assets. Net income was $472K.
Where can I find official filings for Madison Industrial Solutions 401(k) Plan?
Official Form 5500 filings for Madison Industrial Solutions 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 472282126 or plan name at efast.dol.gov.
How does Madison Industrial Solutions 401(k) Plan compare to other plans?
You can compare Madison Industrial Solutions 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in Illinois on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

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 472282126.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

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