2023 Form 5500 filing — Charles Products Inc. 401(K) Profit Sharing Plan & Trust

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 20241101141830NAL0003185825001) for Charles Products Inc. 401(K) Profit Sharing Plan & Trust, reported by Charles Products Inc. under EIN 83-2466543 and plan number 001. It reports 184 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$5.7MReported net assets$5,688,887
Participants184
Provider compensation$58.8K2 Schedule C row(s)$58,821
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20241101141830NAL0003185825001
Plan sponsor
Charles Products Inc.
EIN
83-2466543
Plan number
001
Location
Rockville, MD
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$5.7M total assets
Net assets$5.7MLiabilities$0
Money in vs. money out
Total income / additions$1.6M
Total expenses$1.1M
Benefits paid / distributions$1M
Contributions
Employer$215.4K
Participant$503.6K
Full reported line items
Total assets (EOY)
$5,688,887
Total liabilities (EOY)
$0
Net assets (EOY)
$5,688,887
Employer contributions
$215,398
Participant contributions
$503,640
Total income / additions
$1,626,572
Benefits paid
$1,024,792
Administrative expenses
$37,769
Total expenses
$1,062,561
Net increase / (decrease)
$564,011
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    CONTRACT ADMINISTRATOR · Direct $29.6K · Indirect $0
  2. 2
    CONTRACT ADMINISTRATOR · Direct $8.1K · Indirect $21K

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241101141830NAL0003185825001 cover?
It is the 2023 Form 5500 filing for Charles Products Inc. 401(K) Profit Sharing Plan & Trust, reported by Charles Products Inc. (EIN 83-2466543).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages