Civic Intelligence

Master Electric Company Inc.

Plan context: Master Electric Company Inc. 401(K) & Profit Sharing Plan

EIN 41-1252546 • Prior Lake, MN • 28 filings • 8 plans

5500 Cottonwood Lane SEPrior Lake, MN 55372
Current Snapshot

Latest Year

2024

2024 Participants

44

2024 Assets

$4,337,749

2024 Contributions

$346,650

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$4,337,749$2,168,875$0199920132024YearValue
$4,337,749Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

129650199920122024YearValue
44Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024144$4,337,749$346,650$7,878iApproximate average salary by contribution assumption: employee only about $196,960 at 4% or $131,307 at 6%; with 50% employer match about $131,307 at 4% or $87,538 at 6%; with 100% employer match about $98,480 at 4% or $65,653 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-44$4,337,749$346,650$7,878iApproximate average salary by contribution assumption: employee only about $196,960 at 4% or $131,307 at 6%; with 50% employer match about $131,307 at 4% or $87,538 at 6%; with 100% employer match about $98,480 at 4% or $65,653 at 6%.
2023142$3,623,643$363,527$8,655iApproximate average salary by contribution assumption: employee only about $216,385 at 4% or $144,257 at 6%; with 50% employer match about $144,257 at 4% or $96,171 at 6%; with 100% employer match about $108,193 at 4% or $72,128 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-42$3,623,643$363,527$8,655iApproximate average salary by contribution assumption: employee only about $216,385 at 4% or $144,257 at 6%; with 50% employer match about $144,257 at 4% or $96,171 at 6%; with 100% employer match about $108,193 at 4% or $72,128 at 6%.
2022145$3,087,194$328,501$7,300iApproximate average salary by contribution assumption: employee only about $182,501 at 4% or $121,667 at 6%; with 50% employer match about $121,667 at 4% or $81,111 at 6%; with 100% employer match about $91,250 at 4% or $60,834 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-45$3,087,194$328,501$7,300iApproximate average salary by contribution assumption: employee only about $182,501 at 4% or $121,667 at 6%; with 50% employer match about $121,667 at 4% or $81,111 at 6%; with 100% employer match about $91,250 at 4% or $60,834 at 6%.
2021141$3,404,420$285,051$6,952iApproximate average salary by contribution assumption: employee only about $173,812 at 4% or $115,874 at 6%; with 50% employer match about $115,874 at 4% or $77,250 at 6%; with 100% employer match about $86,906 at 4% or $57,937 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-41$3,404,420$285,051$6,952iApproximate average salary by contribution assumption: employee only about $173,812 at 4% or $115,874 at 6%; with 50% employer match about $115,874 at 4% or $77,250 at 6%; with 100% employer match about $86,906 at 4% or $57,937 at 6%.
2020140$2,977,698$257,370$6,434iApproximate average salary by contribution assumption: employee only about $160,856 at 4% or $107,238 at 6%; with 50% employer match about $107,238 at 4% or $71,492 at 6%; with 100% employer match about $80,428 at 4% or $53,619 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-40$2,977,698$257,370$6,434iApproximate average salary by contribution assumption: employee only about $160,856 at 4% or $107,238 at 6%; with 50% employer match about $107,238 at 4% or $71,492 at 6%; with 100% employer match about $80,428 at 4% or $53,619 at 6%.
2019133$2,337,530$236,329$7,161iApproximate average salary by contribution assumption: employee only about $179,037 at 4% or $119,358 at 6%; with 50% employer match about $119,358 at 4% or $79,572 at 6%; with 100% employer match about $89,519 at 4% or $59,679 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-33$2,337,530$236,329$7,161iApproximate average salary by contribution assumption: employee only about $179,037 at 4% or $119,358 at 6%; with 50% employer match about $119,358 at 4% or $79,572 at 6%; with 100% employer match about $89,519 at 4% or $59,679 at 6%.
2018132$1,793,027$229,795$7,181iApproximate average salary by contribution assumption: employee only about $179,527 at 4% or $119,685 at 6%; with 50% employer match about $119,685 at 4% or $79,790 at 6%; with 100% employer match about $89,764 at 4% or $59,842 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-32$1,793,027$229,795$7,181iApproximate average salary by contribution assumption: employee only about $179,527 at 4% or $119,685 at 6%; with 50% employer match about $119,685 at 4% or $79,790 at 6%; with 100% employer match about $89,764 at 4% or $59,842 at 6%.
2017128$1,663,057$197,987$7,071iApproximate average salary by contribution assumption: employee only about $176,774 at 4% or $117,849 at 6%; with 50% employer match about $117,849 at 4% or $78,566 at 6%; with 100% employer match about $88,387 at 4% or $58,925 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-28$1,663,057$197,987$7,071iApproximate average salary by contribution assumption: employee only about $176,774 at 4% or $117,849 at 6%; with 50% employer match about $117,849 at 4% or $78,566 at 6%; with 100% employer match about $88,387 at 4% or $58,925 at 6%.
2016134$1,360,601$212,720$6,256iApproximate average salary by contribution assumption: employee only about $156,412 at 4% or $104,275 at 6%; with 50% employer match about $104,275 at 4% or $69,516 at 6%; with 100% employer match about $78,206 at 4% or $52,137 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-34$1,360,601$212,720$6,256iApproximate average salary by contribution assumption: employee only about $156,412 at 4% or $104,275 at 6%; with 50% employer match about $104,275 at 4% or $69,516 at 6%; with 100% employer match about $78,206 at 4% or $52,137 at 6%.
2015128$1,104,186$199,620$7,129iApproximate average salary by contribution assumption: employee only about $178,232 at 4% or $118,821 at 6%; with 50% employer match about $118,821 at 4% or $79,214 at 6%; with 100% employer match about $89,116 at 4% or $59,411 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-28$1,104,186$199,620$7,129iApproximate average salary by contribution assumption: employee only about $178,232 at 4% or $118,821 at 6%; with 50% employer match about $118,821 at 4% or $79,214 at 6%; with 100% employer match about $89,116 at 4% or $59,411 at 6%.
2014271$2,296,880$362,105$5,100iApproximate average salary by contribution assumption: employee only about $127,502 at 4% or $85,001 at 6%; with 50% employer match about $85,001 at 4% or $56,667 at 6%; with 100% employer match about $63,751 at 4% or $42,501 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-71$2,296,880$362,105$5,100iApproximate average salary by contribution assumption: employee only about $127,502 at 4% or $85,001 at 6%; with 50% employer match about $85,001 at 4% or $56,667 at 6%; with 100% employer match about $63,751 at 4% or $42,501 at 6%.
Master Electric Company Inc. Benefit Plan-20---
20132129$1,866,356$260,758$2,021iApproximate average salary by contribution assumption: employee only about $50,534 at 4% or $33,690 at 6%; with 50% employer match about $33,690 at 4% or $22,460 at 6%; with 100% employer match about $25,267 at 4% or $16,845 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-61$1,866,356$260,758$4,275iApproximate average salary by contribution assumption: employee only about $106,868 at 4% or $71,245 at 6%; with 50% employer match about $71,245 at 4% or $47,497 at 6%; with 100% employer match about $53,434 at 4% or $35,623 at 6%.
Master Electric Company Inc. Benefit Plan-129---
2012152$1,493,639$233,918$4,498iApproximate average salary by contribution assumption: employee only about $112,461 at 4% or $74,974 at 6%; with 50% employer match about $74,974 at 4% or $49,982 at 6%; with 100% employer match about $56,230 at 4% or $37,487 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-52$1,493,639$233,918$4,498iApproximate average salary by contribution assumption: employee only about $112,461 at 4% or $74,974 at 6%; with 50% employer match about $74,974 at 4% or $49,982 at 6%; with 100% employer match about $56,230 at 4% or $37,487 at 6%.
2011129$1,245,473$115,440$3,981iApproximate average salary by contribution assumption: employee only about $99,517 at 4% or $66,345 at 6%; with 50% employer match about $66,345 at 4% or $44,230 at 6%; with 100% employer match about $49,759 at 4% or $33,172 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-29$1,245,473$115,440$3,981iApproximate average salary by contribution assumption: employee only about $99,517 at 4% or $66,345 at 6%; with 50% employer match about $66,345 at 4% or $44,230 at 6%; with 100% employer match about $49,759 at 4% or $33,172 at 6%.
2010126$1,209,954$78,856$3,033iApproximate average salary by contribution assumption: employee only about $75,823 at 4% or $50,549 at 6%; with 50% employer match about $50,549 at 4% or $33,699 at 6%; with 100% employer match about $37,912 at 4% or $25,274 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-26$1,209,954$78,856$3,033iApproximate average salary by contribution assumption: employee only about $75,823 at 4% or $50,549 at 6%; with 50% employer match about $50,549 at 4% or $33,699 at 6%; with 100% employer match about $37,912 at 4% or $25,274 at 6%.
2009129$1,016,210$119,756$4,130iApproximate average salary by contribution assumption: employee only about $103,238 at 4% or $68,825 at 6%; with 50% employer match about $68,825 at 4% or $45,884 at 6%; with 100% employer match about $51,619 at 4% or $34,413 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-29$1,016,210$119,756$4,130iApproximate average salary by contribution assumption: employee only about $103,238 at 4% or $68,825 at 6%; with 50% employer match about $68,825 at 4% or $45,884 at 6%; with 100% employer match about $51,619 at 4% or $34,413 at 6%.
2008134$734,309$230,456$6,778iApproximate average salary by contribution assumption: employee only about $169,453 at 4% or $112,969 at 6%; with 50% employer match about $112,969 at 4% or $75,312 at 6%; with 100% employer match about $84,726 at 4% or $56,484 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-34$734,309$230,456$6,778iApproximate average salary by contribution assumption: employee only about $169,453 at 4% or $112,969 at 6%; with 50% employer match about $112,969 at 4% or $75,312 at 6%; with 100% employer match about $84,726 at 4% or $56,484 at 6%.
2007129$1,082,978$114,913$3,963iApproximate average salary by contribution assumption: employee only about $99,063 at 4% or $66,042 at 6%; with 50% employer match about $66,042 at 4% or $44,028 at 6%; with 100% employer match about $49,531 at 4% or $33,021 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-29$1,082,978$114,913$3,963iApproximate average salary by contribution assumption: employee only about $99,063 at 4% or $66,042 at 6%; with 50% employer match about $66,042 at 4% or $44,028 at 6%; with 100% employer match about $49,531 at 4% or $33,021 at 6%.
2006124$937,492$100,697$4,196iApproximate average salary by contribution assumption: employee only about $104,893 at 4% or $69,928 at 6%; with 50% employer match about $69,928 at 4% or $46,619 at 6%; with 100% employer match about $52,446 at 4% or $34,964 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-24$937,492$100,697$4,196iApproximate average salary by contribution assumption: employee only about $104,893 at 4% or $69,928 at 6%; with 50% employer match about $69,928 at 4% or $46,619 at 6%; with 100% employer match about $52,446 at 4% or $34,964 at 6%.
2005133$749,507$101,235$3,068iApproximate average salary by contribution assumption: employee only about $76,693 at 4% or $51,129 at 6%; with 50% employer match about $51,129 at 4% or $34,086 at 6%; with 100% employer match about $38,347 at 4% or $25,564 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-33$749,507$101,235$3,068iApproximate average salary by contribution assumption: employee only about $76,693 at 4% or $51,129 at 6%; with 50% employer match about $51,129 at 4% or $34,086 at 6%; with 100% employer match about $38,347 at 4% or $25,564 at 6%.
2004126$693,535$65,720$2,528iApproximate average salary by contribution assumption: employee only about $63,192 at 4% or $42,128 at 6%; with 50% employer match about $42,128 at 4% or $28,085 at 6%; with 100% employer match about $31,596 at 4% or $21,064 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-26$693,535$65,720$2,528iApproximate average salary by contribution assumption: employee only about $63,192 at 4% or $42,128 at 6%; with 50% employer match about $42,128 at 4% or $28,085 at 6%; with 100% employer match about $31,596 at 4% or $21,064 at 6%.
2003124$569,802$184,546$7,689iApproximate average salary by contribution assumption: employee only about $192,235 at 4% or $128,157 at 6%; with 50% employer match about $128,157 at 4% or $85,438 at 6%; with 100% employer match about $96,118 at 4% or $64,078 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-24$569,802$184,546$7,689iApproximate average salary by contribution assumption: employee only about $192,235 at 4% or $128,157 at 6%; with 50% employer match about $128,157 at 4% or $85,438 at 6%; with 100% employer match about $96,118 at 4% or $64,078 at 6%.
2002121$302,070$44,370$2,113iApproximate average salary by contribution assumption: employee only about $52,821 at 4% or $35,214 at 6%; with 50% employer match about $35,214 at 4% or $23,476 at 6%; with 100% employer match about $26,411 at 4% or $17,607 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-21$302,070$44,370$2,113iApproximate average salary by contribution assumption: employee only about $52,821 at 4% or $35,214 at 6%; with 50% employer match about $35,214 at 4% or $23,476 at 6%; with 100% employer match about $26,411 at 4% or $17,607 at 6%.
2001116$0$0-
Master Electric Company Inc. 401(K) & Profit Sharing Plan-16---
2000114$0$0-
Master Electric Company Inc. 401(K) & Profit Sharing Plan-14---
1999117$326,350$164,295$9,664iApproximate average salary by contribution assumption: employee only about $241,610 at 4% or $161,074 at 6%; with 50% employer match about $161,074 at 4% or $107,382 at 6%; with 100% employer match about $120,805 at 4% or $80,537 at 6%.
Master Electric Company Inc. 401(K) & Profit Sharing Plan-17$326,350$164,295$9,664iApproximate average salary by contribution assumption: employee only about $241,610 at 4% or $161,074 at 6%; with 50% employer match about $161,074 at 4% or $107,382 at 6%; with 100% employer match about $120,805 at 4% or $80,537 at 6%.