2023 Form 5500 filing — Panel Processing, Inc. Employee Stock Ownership 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 20260122160913NAL0006405888001) for Panel Processing, Inc. Employee Stock Ownership Plan, reported by Panel Processing, Inc. under EIN 38-1946344 and plan number 002. It reports 316 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials).
- EFAST2 acknowledgement
- 20260122160913NAL0006405888001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Panel Processing, Inc.
- EIN
- 38-1946344
- Plan number
- 002
- Location
- Alpena, MI
- Participants
- 316
- Schedules available
- Schedule H
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,946,735
- Total liabilities (EOY)
- $767
- Net assets (EOY)
- $12,945,968
- Employer contributions
- $800,000
- Total income / additions
- -$265,743
- Benefits paid
- $1,668,602
- Administrative expenses
- $3,034
- Total expenses
- $1,671,636
- Net increase / (decrease)
- -$1,937,379
- Schedule source
- Schedule H