2023 Form 5500 filing — Industrial Turnaround Corporation 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 20241015102320NAL0016137011001) for Industrial Turnaround Corporation 401(K)Plan, reported by Industrial Turnaround Corporation under EIN 54-1453225 and plan number 001. It reports 620 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015102320NAL0016137011001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Industrial Turnaround Corporation
- EIN
- 54-1453225
- Plan number
- 001
- Location
- Chester, VA
- Participants
- 620
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $50,065,018
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $50,065,018
- Participant contributions
- $3,749,003
- Total income / additions
- $10,989,423
- Benefits paid
- $3,779,606
- Administrative expenses
- $119,251
- Total expenses
- $3,898,857
- Net increase / (decrease)
- $7,090,566
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $119,251 | $0 |
| Nfp Retirement, Inc. | INVESTMENT MANAGEMENT | $0 | $32,143 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |