2023 Form 5500 filing — Turbo Drill Industries 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 20241009111134NAL0010553555001) for Turbo Drill Industries 401(K) Plan, reported by Turbo Drill Industries, Inc. under EIN 37-1542579 and plan number 001. It reports 253 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009111134NAL0010553555001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Turbo Drill Industries, Inc.
- EIN
- 37-1542579
- Plan number
- 001
- Location
- Conroe, TX
- Participants
- 253
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $3,482,905
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,482,905
- Employer contributions
- $702,282
- Participant contributions
- $1,182,208
- Total income / additions
- $2,390,567
- Benefits paid
- $241,692
- Administrative expenses
- $32,618
- Total expenses
- $274,379
- Net increase / (decrease)
- $2,116,188
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $27,817 | $0 |
| Kestra Advisory Services, LLC | INVESTMENT ADVISOR | $0 | $9,081 |