2023 Form 5500 filing — American Battery Solutions 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 20241011142358NAL0038998032001) for American Battery Solutions 401(K) Plan, reported by American Battery Solutions, Inc. under EIN 83-3191953 and plan number 001. It reports 246 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)$10.5MReported net assets$10,458,808
Participants246
Provider compensation$37.6K4 Schedule C row(s)$37,634
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241011142358NAL0038998032001
- Plan sponsor
- American Battery Solutions, Inc.
- EIN
- 83-3191953
- Plan number
- 001
- Location
- Lake Orion, MI
- 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)$10.5M total assets
Net assets$10.5MLiabilities$0
Full reported line items
- Total assets (EOY)
- $10,458,808
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,458,808
- Employer contributions
- $967,866
- Participant contributions
- $2,471,282
- Total income / additions
- $5,503,098
- Benefits paid
- $568,810
- Administrative expenses
- $37,634
- Total expenses
- $607,718
- Net increase / (decrease)
- $4,895,380
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Channel Wealth, LLC | INVESTMENT ADVISORY | $13,514 | $0 |
| John Hancock Life Insurance Company | NONE | $11,833 | $0 |
| Economic Group Pension Services | TPA | $8,360 | $0 |
| Wilshire Associates, Inc. | INVESTMENT ADVISORY | $3,927 | $0 |