2023 Form 5500 filing — Burr Oak Tool Inc. Employees' Profit Sharing 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 20240923085455NAL0006540563001) for Burr Oak Tool Inc. Employees' Profit Sharing Plan, reported by Burr Oak Tool Inc. under EIN 38-1218471 and plan number 005. It reports 430 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240923085455NAL0006540563001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Burr Oak Tool Inc.
- EIN
- 38-1218471
- Plan number
- 005
- Location
- Sturgis, MI
- Participants
- 430
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $69,917,150
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $69,917,150
- Employer contributions
- $2,364,346
- Participant contributions
- $3,171,560
- Total income / additions
- $13,031,205
- Benefits paid
- $7,722,676
- Administrative expenses
- $95,300
- Total expenses
- $7,871,324
- Net increase / (decrease)
- $5,159,881
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $45,120 | $0 |
| Morgan Stanley | INVESTMENT ADVISOR | $35,000 | not reported in the loaded dataset |
| Plante Moran Pllc | NONE | $16,000 | not reported in the loaded dataset |