2023 Form 5500 filing — Merritt Woodwork 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 20241015155402NAL0015015619001) for Merritt Woodwork 401(K) Profit Sharing Plan, reported by Profac, Inc. Dba Merritt Woodwork under EIN 34-1107300 and plan number 001. It reports 157 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015155402NAL0015015619001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Profac, Inc. Dba Merritt Woodwork
- EIN
- 34-1107300
- Plan number
- 001
- Location
- Mentor, OH
- Participants
- 157
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,588,654
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,588,654
- Employer contributions
- $189,618
- Participant contributions
- $450,650
- Total income / additions
- $1,558,001
- Benefits paid
- $261,331
- Administrative expenses
- $20,432
- Total expenses
- $281,763
- Net increase / (decrease)
- $1,276,238
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Symphony Financial Services | SERVICE PROVIDER | $0 | $22,920 |
| Trinity Pension Consultants | OTHER SERVICES | $0 | $2,769 |
| Morningstar Investment Mgmt LLC | NONE | $1,254 | $935 |