2023 Form 5500 filing — Climax Portable Machine Tools, Inc. Employee Savings 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 20241004121008NAL0012196833001) for Climax Portable Machine Tools, Inc. Employee Savings Plan, reported by Climax Portable Machine Tools, Inc. under EIN 93-0553883 and plan number 002. It reports 217 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004121008NAL0012196833001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Climax Portable Machine Tools, Inc.
- EIN
- 93-0553883
- Plan number
- 002
- Location
- Newberg, OR
- Participants
- 217
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,260,279
- Total liabilities (EOY)
- $21,695
- Net assets (EOY)
- $16,238,584
- Employer contributions
- $288,379
- Participant contributions
- $893,956
- Total income / additions
- $3,826,355
- Benefits paid
- $1,014,577
- Administrative expenses
- $131,482
- Total expenses
- $1,146,059
- Net increase / (decrease)
- $2,680,296
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $39,101 | $0 |
| Geffen Mesher And Co., P.C. | AUDITOR | $36,000 | not reported in the loaded dataset |
| Wells Fargo Advisors LLC | INVESTMENT ADVISOR | $35,032 | not reported in the loaded dataset |
| Pension Plan Specialists | TPA | $10,202 | $5,000 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $11,285 | not reported in the loaded dataset |