2023 Form 5500 filing — Bystronic 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 20241014172927NAL0013688739001) for Bystronic Inc. 401(K) Profit Sharing Plan, reported by Bystronic Inc. under EIN 11-2473193 and plan number 001. It reports 293 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014172927NAL0013688739001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bystronic Inc.
- EIN
- 11-2473193
- Plan number
- 001
- Location
- Hoffman Estates, IL
- Participants
- 293
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $20,252,374
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,252,374
- Employer contributions
- $669,756
- Participant contributions
- $1,829,753
- Total income / additions
- $5,473,370
- Benefits paid
- $1,688,838
- Administrative expenses
- $93,338
- Total expenses
- $1,783,466
- Net increase / (decrease)
- $3,689,904
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Clearwater Capital Partners, LLC | NONE | $52,971 | $0 |
| Epic Retirement Plan Services | NONE | $40,367 | $0 |
| Charles Schwab Trust Bank | NONE | $0 | $4,998 |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 |