Civic Intelligence

Midspec Inc.

Plan context: Midspec Inc. Profit Sharing Plan

EIN 41-1509706 • Otsego, MN • 24 filings • 2 plans

15343 74th St NEOtsego, MN 55330
Current Snapshot

Latest Year

2022

2022 Participants

6

2022 Assets

$3,163,630

2022 Contributions

$69,629

Historical Graphs

Total Assets Over Time

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

$3,285,482$1,642,741$0199920122021YearValue
$3,163,630Latest year 2021

Participants Over Time

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

1260199920112021YearValue
6Latest year 2021

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
202210$0$0-
Midspec Inc. Profit Sharing Plan-0$0--
202116$3,163,630$69,629$11,605iApproximate average salary by contribution assumption: employee only about $290,121 at 4% or $193,414 at 6%; with 50% employer match about $193,414 at 4% or $128,943 at 6%; with 100% employer match about $145,060 at 4% or $96,707 at 6%.
Midspec Inc. Profit Sharing Plan-6$3,163,630$69,629$11,605iApproximate average salary by contribution assumption: employee only about $290,121 at 4% or $193,414 at 6%; with 50% employer match about $193,414 at 4% or $128,943 at 6%; with 100% employer match about $145,060 at 4% or $96,707 at 6%.
202016$2,906,924$79,456$13,243iApproximate average salary by contribution assumption: employee only about $331,067 at 4% or $220,711 at 6%; with 50% employer match about $220,711 at 4% or $147,141 at 6%; with 100% employer match about $165,533 at 4% or $110,356 at 6%.
Midspec Inc. Profit Sharing Plan-6$2,906,924$79,456$13,243iApproximate average salary by contribution assumption: employee only about $331,067 at 4% or $220,711 at 6%; with 50% employer match about $220,711 at 4% or $147,141 at 6%; with 100% employer match about $165,533 at 4% or $110,356 at 6%.
201916$3,203,766$71,651$11,942iApproximate average salary by contribution assumption: employee only about $298,546 at 4% or $199,031 at 6%; with 50% employer match about $199,031 at 4% or $132,687 at 6%; with 100% employer match about $149,273 at 4% or $99,515 at 6%.
Midspec Inc. Profit Sharing Plan-6$3,203,766$71,651$11,942iApproximate average salary by contribution assumption: employee only about $298,546 at 4% or $199,031 at 6%; with 50% employer match about $199,031 at 4% or $132,687 at 6%; with 100% employer match about $149,273 at 4% or $99,515 at 6%.
201817$2,626,839$74,634$10,662iApproximate average salary by contribution assumption: employee only about $266,550 at 4% or $177,700 at 6%; with 50% employer match about $177,700 at 4% or $118,467 at 6%; with 100% employer match about $133,275 at 4% or $88,850 at 6%.
Midspec Inc. Profit Sharing Plan-7$2,626,839$74,634$10,662iApproximate average salary by contribution assumption: employee only about $266,550 at 4% or $177,700 at 6%; with 50% employer match about $177,700 at 4% or $118,467 at 6%; with 100% employer match about $133,275 at 4% or $88,850 at 6%.
201717$3,285,482$84,620$12,089iApproximate average salary by contribution assumption: employee only about $302,214 at 4% or $201,476 at 6%; with 50% employer match about $201,476 at 4% or $134,317 at 6%; with 100% employer match about $151,107 at 4% or $100,738 at 6%.
Midspec Inc. Profit Sharing Plan-7$3,285,482$84,620$12,089iApproximate average salary by contribution assumption: employee only about $302,214 at 4% or $201,476 at 6%; with 50% employer match about $201,476 at 4% or $134,317 at 6%; with 100% employer match about $151,107 at 4% or $100,738 at 6%.
201616$2,668,386$85,200$14,200iApproximate average salary by contribution assumption: employee only about $355,000 at 4% or $236,667 at 6%; with 50% employer match about $236,667 at 4% or $157,778 at 6%; with 100% employer match about $177,500 at 4% or $118,333 at 6%.
Midspec Inc. Profit Sharing Plan-6$2,668,386$85,200$14,200iApproximate average salary by contribution assumption: employee only about $355,000 at 4% or $236,667 at 6%; with 50% employer match about $236,667 at 4% or $157,778 at 6%; with 100% employer match about $177,500 at 4% or $118,333 at 6%.
201516$2,595,627$101,164$16,861iApproximate average salary by contribution assumption: employee only about $421,517 at 4% or $281,011 at 6%; with 50% employer match about $281,011 at 4% or $187,341 at 6%; with 100% employer match about $210,758 at 4% or $140,506 at 6%.
Midspec Inc. Profit Sharing Plan-6$2,595,627$101,164$16,861iApproximate average salary by contribution assumption: employee only about $421,517 at 4% or $281,011 at 6%; with 50% employer match about $281,011 at 4% or $187,341 at 6%; with 100% employer match about $210,758 at 4% or $140,506 at 6%.
201416$2,415,300$106,013$17,669iApproximate average salary by contribution assumption: employee only about $441,721 at 4% or $294,481 at 6%; with 50% employer match about $294,481 at 4% or $196,320 at 6%; with 100% employer match about $220,860 at 4% or $147,240 at 6%.
Midspec Inc. Profit Sharing Plan-6$2,415,300$106,013$17,669iApproximate average salary by contribution assumption: employee only about $441,721 at 4% or $294,481 at 6%; with 50% employer match about $294,481 at 4% or $196,320 at 6%; with 100% employer match about $220,860 at 4% or $147,240 at 6%.
201317$2,017,853$104,501$14,929iApproximate average salary by contribution assumption: employee only about $373,218 at 4% or $248,812 at 6%; with 50% employer match about $248,812 at 4% or $165,875 at 6%; with 100% employer match about $186,609 at 4% or $124,406 at 6%.
Midspec Inc. Profit Sharing Plan-7$2,017,853$104,501$14,929iApproximate average salary by contribution assumption: employee only about $373,218 at 4% or $248,812 at 6%; with 50% employer match about $248,812 at 4% or $165,875 at 6%; with 100% employer match about $186,609 at 4% or $124,406 at 6%.
201218$1,541,684$113,600$14,200iApproximate average salary by contribution assumption: employee only about $355,000 at 4% or $236,667 at 6%; with 50% employer match about $236,667 at 4% or $157,778 at 6%; with 100% employer match about $177,500 at 4% or $118,333 at 6%.
Midspec Inc. Profit Sharing Plan-8$1,541,684$113,600$14,200iApproximate average salary by contribution assumption: employee only about $355,000 at 4% or $236,667 at 6%; with 50% employer match about $236,667 at 4% or $157,778 at 6%; with 100% employer match about $177,500 at 4% or $118,333 at 6%.
201118$1,416,909$115,664$14,458iApproximate average salary by contribution assumption: employee only about $361,450 at 4% or $240,967 at 6%; with 50% employer match about $240,967 at 4% or $160,644 at 6%; with 100% employer match about $180,725 at 4% or $120,483 at 6%.
Midspec Inc. Profit Sharing Plan-8$1,416,909$115,664$14,458iApproximate average salary by contribution assumption: employee only about $361,450 at 4% or $240,967 at 6%; with 50% employer match about $240,967 at 4% or $160,644 at 6%; with 100% employer match about $180,725 at 4% or $120,483 at 6%.
201010$1,306,612$85,269-
Midspec Inc. Profit Sharing Plan-0$1,306,612$85,269-
200917$1,070,562$95,310$13,616iApproximate average salary by contribution assumption: employee only about $340,393 at 4% or $226,929 at 6%; with 50% employer match about $226,929 at 4% or $151,286 at 6%; with 100% employer match about $170,196 at 4% or $113,464 at 6%.
Midspec Inc. Profit Sharing Plan-7$1,070,562$95,310$13,616iApproximate average salary by contribution assumption: employee only about $340,393 at 4% or $226,929 at 6%; with 50% employer match about $226,929 at 4% or $151,286 at 6%; with 100% employer match about $170,196 at 4% or $113,464 at 6%.
200816$838,226$142,611$23,769iApproximate average salary by contribution assumption: employee only about $594,213 at 4% or $396,142 at 6%; with 50% employer match about $396,142 at 4% or $264,094 at 6%; with 100% employer match about $297,106 at 4% or $198,071 at 6%.
Midspec Inc. Profit Sharing Plan-6$838,226$142,611$23,769iApproximate average salary by contribution assumption: employee only about $594,213 at 4% or $396,142 at 6%; with 50% employer match about $396,142 at 4% or $264,094 at 6%; with 100% employer match about $297,106 at 4% or $198,071 at 6%.
200716$0$0-
Midspec Inc. Profit Sharing Plan-6---
200616$1,080,380$141,250$23,542iApproximate average salary by contribution assumption: employee only about $588,542 at 4% or $392,361 at 6%; with 50% employer match about $392,361 at 4% or $261,574 at 6%; with 100% employer match about $294,271 at 4% or $196,181 at 6%.
Midspec Inc. Profit Sharing Plan-6$1,080,380$141,250$23,542iApproximate average salary by contribution assumption: employee only about $588,542 at 4% or $392,361 at 6%; with 50% employer match about $392,361 at 4% or $261,574 at 6%; with 100% employer match about $294,271 at 4% or $196,181 at 6%.
200516$1,709,736$141,356$23,559iApproximate average salary by contribution assumption: employee only about $588,983 at 4% or $392,656 at 6%; with 50% employer match about $392,656 at 4% or $261,770 at 6%; with 100% employer match about $294,492 at 4% or $196,328 at 6%.
Midspec Inc. Profit Sharing Plan-6$1,709,736$141,356$23,559iApproximate average salary by contribution assumption: employee only about $588,983 at 4% or $392,656 at 6%; with 50% employer match about $392,656 at 4% or $261,770 at 6%; with 100% employer match about $294,492 at 4% or $196,328 at 6%.
200417$1,495,554$136,478$19,497iApproximate average salary by contribution assumption: employee only about $487,421 at 4% or $324,948 at 6%; with 50% employer match about $324,948 at 4% or $216,632 at 6%; with 100% employer match about $243,711 at 4% or $162,474 at 6%.
Midspec Inc. Profit Sharing Plan-7$1,495,554$136,478$19,497iApproximate average salary by contribution assumption: employee only about $487,421 at 4% or $324,948 at 6%; with 50% employer match about $324,948 at 4% or $216,632 at 6%; with 100% employer match about $243,711 at 4% or $162,474 at 6%.
200316$0$0-
Midspec Inc. Profit Sharing Plan-6---
200217$763,408$76,942$10,992iApproximate average salary by contribution assumption: employee only about $274,793 at 4% or $183,195 at 6%; with 50% employer match about $183,195 at 4% or $122,130 at 6%; with 100% employer match about $137,396 at 4% or $91,598 at 6%.
Midspec Inc. Profit Sharing Plan-7$763,408$76,942$10,992iApproximate average salary by contribution assumption: employee only about $274,793 at 4% or $183,195 at 6%; with 50% employer match about $183,195 at 4% or $122,130 at 6%; with 100% employer match about $137,396 at 4% or $91,598 at 6%.
2001112$0$0-
Midspec Inc. Profit Sharing Plan-12---
2000110$0$0-
Midspec Inc. Profit Sharing Plan-10---
1999110$805,410$57,532$5,753iApproximate average salary by contribution assumption: employee only about $143,830 at 4% or $95,887 at 6%; with 50% employer match about $95,887 at 4% or $63,924 at 6%; with 100% employer match about $71,915 at 4% or $47,943 at 6%.
Midspec Inc. Profit Sharing Plan-10$805,410$57,532$5,753iApproximate average salary by contribution assumption: employee only about $143,830 at 4% or $95,887 at 6%; with 50% employer match about $95,887 at 4% or $63,924 at 6%; with 100% employer match about $71,915 at 4% or $47,943 at 6%.