2023 Form 5500 filing — The First Tool Corporation Retirement Savings 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 20241015122146NAL0028399729007) for The First Tool Corporation Retirement Savings Plan, reported by The First Tool Corporation under EIN 31-0724208 and plan number 001. It reports 146 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015122146NAL0028399729007
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The First Tool Corporation
- EIN
- 31-0724208
- Plan number
- 001
- Location
- Dayton, OH
- Participants
- 146
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,812,516
- Net assets (EOY)
- $7,812,516
- Employer contributions
- $163,091
- Participant contributions
- $327,568
- Total income / additions
- $1,599,501
- Benefits paid
- $624,228
- Administrative expenses
- $38,892
- Total expenses
- $663,120
- Net increase / (decrease)
- $936,381
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Commonwealth Financial Network | ADVISOR | $16,079 | not reported in the loaded dataset |
| July Business Services | RECORDKEEPER | $13,444 | not reported in the loaded dataset |
| Mid Atlantic Trust Company | not reported in the loaded dataset | $7,965 | not reported in the loaded dataset |
| Sms Retirement | TPA | $5,000 | not reported in the loaded dataset |