2023 Form 5500 filing — Bay Towel, Inc. 401(K) 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 20241009105626NAL0010542003001) for Bay Towel, Inc. 401(K) Profit Sharing Plan, reported by Bay Towel, Inc. under EIN 39-1027487 and plan number 001. It reports 276 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$5.1MReported net assets$5,066,729
Participants276
Provider compensation$39.5K3 Schedule C row(s)$39,476
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241009105626NAL0010542003001
- Plan sponsor
- Bay Towel, Inc.
- EIN
- 39-1027487
- Plan number
- 001
- Location
- Little Chute, WI
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$5.1M total assets
Net assets$5.1MLiabilities$0
Full reported line items
- Total assets (EOY)
- $5,066,729
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,066,729
- Employer contributions
- $65,856
- Participant contributions
- $395,712
- Total income / additions
- $1,273,280
- Benefits paid
- $423,176
- Administrative expenses
- $35,795
- Total expenses
- $459,470
- Net increase / (decrease)
- $813,810
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| The Vanguard Group | RECORDKEEPER | $19,533 | not reported in the loaded dataset |
| Nicolt National Bank | ADVISOR | $15,744 | not reported in the loaded dataset |
| Retirement Strategies LLC | TPA | $4,199 | not reported in the loaded dataset |