2023 Form 5500 filing — Watson Electrical 401(K) 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 20240910130315NAL0013170082001) for Watson Electrical 401(K) Plan, reported by Watson Electrical Construction Co., LLC under EIN 61-1440043 and plan number 001. It reports 752 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240910130315NAL0013170082001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Watson Electrical Construction Co., LLC
- EIN
- 61-1440043
- Plan number
- 001
- Location
- Wilson, NC
- Participants
- 752
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,092,797
- Total liabilities (EOY)
- $20,556
- Net assets (EOY)
- $23,072,241
- Employer contributions
- $300,157
- Participant contributions
- $1,264,671
- Total income / additions
- $4,805,602
- Benefits paid
- $5,764,333
- Administrative expenses
- $102,977
- Total expenses
- $5,869,182
- Net increase / (decrease)
- -$1,063,580
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ascensus LLC | NONE | $74,620 | $0 |
| Mma Securities, LLC | NONE | $21,500 | not reported in the loaded dataset |
| Lpl Financial Rpcp | NONE | $21,500 | not reported in the loaded dataset |