2023 Form 5500 filing — Festo 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 20241015130811NAL0028521809001) for Festo Corporation 401(K) Plan, reported by Festo Corporation under EIN 11-2270659 and plan number 002. It reports 1,107 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015130811NAL0028521809001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Festo Corporation
- EIN
- 11-2270659
- Plan number
- 002
- Location
- Islandia, NY
- Participants
- 1,107
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $146,281,778
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $146,281,778
- Employer contributions
- $2,980,635
- Participant contributions
- $8,158,267
- Total income / additions
- $37,668,578
- Benefits paid
- $10,182,018
- Administrative expenses
- $95,198
- Total expenses
- $10,342,994
- Net increase / (decrease)
- $27,325,584
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capfinancial Partners, LLC | CONSULTANT | $72,089 | not reported in the loaded dataset |
| Bdo Usa Llp | ACCOUNTANT/AUDITOR | $10,963 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | -$126,720 | $0 |