401(k) · DOL Form 5500 · 2024

Madison Energy Solutions 401(k) Plan

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

$8M
Total assets
99
Participants
22th
Percentile by assets

Sponsored by Madison Energy Solutions Corporation · Texas · Mining & Oil Extraction

What the 2024 filing shows

Madison Energy Solutions 401(k) Plan holds $8M for 99 participants - about $77,962 per participant, among the smaller plans by assets on file, up 10.6% over the 2024 plan year.

$8M
total plan assets (2024 EOY)
99
covered participants
22th
percentile by assets (of 67,083 plans)
$77,962
avg assets per participant
Total Assets (2023)
$8M
Participants
99
State
Industry
Mining & Oil Extraction

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

Madison Energy Solutions 401(k) Plan is a 401(k) retirement plan sponsored by Madison Energy Solutions Corporation, headquartered in Texas. As of the 2024 Form 5500 filing, the plan reports $8M in total end-of-year assets and covers 99 participants across the Mining & Oil Extraction industry. The sponsor's EIN on file with the U.S. Department of Labor is 821975472, and the plan has been effective since 2018-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $7M at the beginning of 2024 to $8M at year-end - a gain of 10.6%. Net assets (after liabilities) closed the year at $8M, with reported net income of $737K 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)$7M
Total Assets (End of Year)$8M
Net Assets (End of Year)$8M
Net Income$737K
Plan Type401(k)
Employer EIN821975472
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Madison Energy Solutions Corporation)

Year Plans Participants Total Assets
2022 1 96 $6M
2023 1 95 $7M
2024 1 99 $8M

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Frequently Asked Questions

How much money is in the Madison Energy Solutions 401(k) Plan?
As of the 2024 Form 5500 filing, Madison Energy Solutions 401(k) Plan holds $8M in total assets with 99 participants. It is sponsored by Madison Energy Solutions Corporation.
What type of plan is Madison Energy Solutions 401(k) Plan?
Madison Energy Solutions 401(k) Plan is a 401(k) plan. It has been effective since 2018-01-01. The plan is filed with the U.S. Department of Labor under EIN 821975472.
Who sponsors the Madison Energy Solutions 401(k) Plan?
Madison Energy Solutions 401(k) Plan is sponsored by Madison Energy Solutions Corporation, located in Texas. The sponsor's EIN is 821975472 and the plan operates in the Mining & Oil Extraction industry.
How did Madison Energy Solutions 401(k) Plan perform in 2024?
Madison Energy Solutions 401(k) Plan grew by 10.6% during 2024, moving from $7M to $8M in total assets. Net income was $737K.
Where can I find official filings for Madison Energy Solutions 401(k) Plan?
Official Form 5500 filings for Madison Energy Solutions 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 821975472 or plan name at efast.dol.gov.
How does Madison Energy Solutions 401(k) Plan compare to other plans?
You can compare Madison Energy Solutions 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Texas 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 821975472.

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.