2023 Form 5500 filing — Tinius Olsen Testing Machine Co, Inc. Employee Benefit Plan (502)
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 20241008094757NAL0029498704001) for Tinius Olsen Testing Machine Co, Inc. Employee Benefit Plan (502), reported by Tinius Olsen Testing Machine Co, Inc. under EIN 23-0931190 and plan number 502. It reports 74 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$55KReported net assets$54,989
Participants74
Provider compensation$87.6K4 Schedule C row(s)$87,591
Schedules filedSchedule I, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241008094757NAL0029498704001
- Plan sponsor
- Tinius Olsen Testing Machine Co, Inc.
- EIN
- 23-0931190
- Plan number
- 502
- Location
- Horsham, PA
- Received date
- not reported in the loaded dataset
Schedule I · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$175.9K total assets
Net assets$55KLiabilities$120.9K
Full reported line items
- Total assets (EOY)
- $175,901
- Total liabilities (EOY)
- $120,912
- Net assets (EOY)
- $54,989
- Employer contributions
- $907,549
- Participant contributions
- $326,519
- Total income / additions
- $1,268,152
- Benefits paid
- $422,933
- Administrative expenses
- $27,099
- Total expenses
- $942,339
- Net increase / (decrease)
- $325,813
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Hardenbergh Insurance Group | BROKER | $36,972 | not reported in the loaded dataset |
| Independence Administrators | ADMIN | $27,099 | not reported in the loaded dataset |
| The Benecon Group, LLC | BROKER | $18,344 | not reported in the loaded dataset |
| Connectcare 3 | PATIENT ADVOCATE | $5,176 | not reported in the loaded dataset |