2023 Form 5500 filing — O'Connell Electric Company, 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 20241010072024NAL0020627313001) for O'Connell Electric Company, Inc. 401(K) Profit Sharing Plan, reported by O'Connell Electric Co. under EIN 16-0950645 and plan number 002. It reports 279 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010072024NAL0020627313001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- O'Connell Electric Co.
- EIN
- 16-0950645
- Plan number
- 002
- Location
- Victor, NY
- Participants
- 279
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $58,758,300
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $58,758,300
- Employer contributions
- $1,825,397
- Participant contributions
- $1,289,437
- Total income / additions
- $13,883,248
- Benefits paid
- $4,574,214
- Administrative expenses
- $159,906
- Total expenses
- $4,737,366
- Net increase / (decrease)
- $9,145,882
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Burke Group | NONE | $125,352 | $0 |
| Morgan Stanley | NONE | $19,040 | $0 |
| Newport Group | NONE | $15,940 | not reported in the loaded dataset |