2023 Form 5500 filing — New Directions Technologies, Inc 401k Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240826101021NAL0009590945001) for New Directions Technologies, Inc 401k Plan, reported by New Directions Technologies under EIN 95-4405570 and plan number 001. It reports 402 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240826101021NAL0009590945001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- New Directions Technologies
- EIN
- 95-4405570
- Plan number
- 001
- Location
- Ridgecrest, CA
- Participants
- 402
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,507,311
- Total liabilities (EOY)
- $158,182
- Net assets (EOY)
- $19,349,129
- Employer contributions
- $717,092
- Participant contributions
- $1,597,954
- Total income / additions
- $5,575,026
- Benefits paid
- $2,458,265
- Administrative expenses
- $44,132
- Total expenses
- $2,518,792
- Net increase / (decrease)
- $3,056,234
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alerus Financial, N.A. | NONE | $44,132 | $0 |