2023 Form 5500 filing — Covert Manufacturing, Inc. Employees 401k Profit Sharing Plan And Trust
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 20241014153841NAL0013552019001) for Covert Manufacturing, Inc. Employees 401k Profit Sharing Plan And Trust, reported by Covert Manufacturing, Inc. under EIN 34-1059703 and plan number 002. It reports 315 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014153841NAL0013552019001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Covert Manufacturing, Inc.
- EIN
- 34-1059703
- Plan number
- 002
- Location
- Galion, OH
- Participants
- 315
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,759,496
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,759,496
- Employer contributions
- $140,786
- Participant contributions
- $417,444
- Total income / additions
- $1,442,220
- Benefits paid
- $919,791
- Administrative expenses
- $17,342
- Total expenses
- $937,133
- Net increase / (decrease)
- $505,087
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nationwide | CUSTODIAN/RECORD KEEPER | $32,914 | $3,753 |
| Moskal Gross Orchosky Inc | TPA | $28,922 | $2,010 |
| Mgo Investment Advisors | INVESTMENT ADVISOR | $0 | not reported in the loaded dataset |