Mona Electric Group, Inc. 401(k) Plan: Login, Facts & Contact Information

Mona Electric Group, Inc. 401(k) Plan Facts

Plan name
MONA ELECTRIC GROUP, INC. 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MONA ELECTRIC GROUP, INC.
Participants
125 (78 active employees)
Former employees with a balance
43
Plan assets
$18,979,001 at Dec 31, 2024
Average account balance
$158,158 across 120 accounts
Employer contributions
$294,970 in plan year 2024 (30% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1986
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $984,422 went into the plan in contributions, $294,970 of it from the employer (30%).
  • $614,401 was paid out to participants.
  • Investment and other income added $2.17 million.
  • Administrative expenses were $66,638, about $555 per account.

How the Mona Electric Group, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019154$18.2 million$442,388$411,870
2020156$19.3 million$238,365$2.66 million
2021137$17.3 million$293,157$5.32 million
2022128$14.1 million$283,458$1.23 million
2023128$16.5 million$308,215$1.00 million
2024125$19.0 million$294,970$614,401

Mona Electric Group, Inc. 401(k) Contact Information

Phone
301-599-7130
Mailing address
7915 MALCOLM RD, CLINTON MD 207351768
Plan sponsor
MONA ELECTRIC GROUP, INC.
Employer identification number (EIN)
52-0846122
Plan number
002

Questions about the Mona Electric Group, Inc. 401(k)

Does Mona Electric Group, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $294,970, 30% of all contributions.

Does the Mona Electric Group, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Mona Electric Group, Inc 401(k) plan?

125 participants at the start of plan year 2024, 78 of them active employees, and 43 former employees who still had money in the plan.

What is the average 401(k) balance at Mona Electric Group, Inc?

About $158,158 per account: $19.0 million in plan assets across 120 accounts with a balance at the end of plan year 2024.

Who manages the Mona Electric Group, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Mona Electric Group, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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