2023 Form 5500 filing — Taft Electric Company, 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 20241015140530NAL0016576483001) for Taft Electric Company, Inc. 401(K) Profit Sharing Plan, reported by Taft Electric Company, Inc. under EIN 77-0007216 and plan number 004. It reports 161 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015140530NAL0016576483001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Taft Electric Company, Inc.
- EIN
- 77-0007216
- Plan number
- 004
- Location
- Ventura, CA
- Participants
- 161
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,324,211
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,324,211
- Employer contributions
- $384,118
- Participant contributions
- $913,375
- Total income / additions
- $3,056,760
- Benefits paid
- $710,410
- Administrative expenses
- $24,932
- Total expenses
- $773,913
- Net increase / (decrease)
- $2,282,847
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $18,307 | $0 |
| Usi Advisors Inc | ADVISOR | $6,625 | not reported in the loaded dataset |
| Usi Securities Inc | ADVISOR | $0 | $0 |
| Cetera Advisor Networks LLC | ADVISOR | $0 | $0 |