2023 Form 5500 filing — Innovative Machining Technology, Inc. Group Health 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 20250212081816NAL0011467187001) for Innovative Machining Technology, Inc. Group Health Plan, reported by Innovative Machining Technology, Inc 401(K) Plan under EIN 23-2621851 and plan number 501. It reports 33 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)-$24.2KReported net assets-$24,247
Participants33
Provider compensation$29.2K4 Schedule C row(s)$29,243
Schedules filedSchedule I, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20250212081816NAL0011467187001
- Plan sponsor
- Innovative Machining Technology, Inc 401(K) Plan
- EIN
- 23-2621851
- Plan number
- 501
- Location
- Boyertown, PA
- Received date
- not reported in the loaded dataset
Schedule I · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$18.2K total assets
Net assets-$24.2KLiabilities$42.5K
Full reported line items
- Total assets (EOY)
- $18,207
- Total liabilities (EOY)
- $42,454
- Net assets (EOY)
- -$24,247
- Employer contributions
- $310,071
- Participant contributions
- $58,578
- Total income / additions
- $371,313
- Benefits paid
- $222,749
- Administrative expenses
- $2,970
- Total expenses
- $395,560
- Net increase / (decrease)
- -$24,247
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Patriot (Power-Kunkle Group, Inc.) | BROKER | $14,148 | not reported in the loaded dataset |
| The Benecon Group | BROKER | $9,979 | not reported in the loaded dataset |
| Capital Bluecross | ADMIN | $2,970 | not reported in the loaded dataset |
| Connectcare3 | PATIENT ADVOCATE | $2,146 | not reported in the loaded dataset |