2023 Form 5500 filing — The Electro Switch Corp. 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 20241011154358NAL0022252657001) for The Electro Switch Corp. 401(K) Profit Sharing Plan, reported by Electro Switch Corp. under EIN 04-2037902 and plan number 002. It reports 491 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011154358NAL0022252657001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Electro Switch Corp.
- EIN
- 04-2037902
- Plan number
- 002
- Location
- Weymouth, MA
- Participants
- 491
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $70,795,249
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $70,795,249
- Employer contributions
- $409,959
- Participant contributions
- $1,717,826
- Total income / additions
- $10,863,363
- Benefits paid
- $4,735,547
- Administrative expenses
- $46,883
- Total expenses
- $4,802,782
- Net increase / (decrease)
- $6,060,581
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | NONE | $72,436 | $0 |
| Kestra Advisory Services LLC | NONE | $24,000 | not reported in the loaded dataset |
| Pkf Jnd Pc | NONE | $22,883 | not reported in the loaded dataset |