Plain-English plan 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, Methods Machine Tools, Inc. Retirement Savings Plan is a benefit plan reported by Methods Machine Tools, Inc. under EIN 04-2254513 and plan number 001. The latest loaded filing year is 2023. The filing reports 659 participants and $54,228,729 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $54,228,729
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $54,228,729
- Net assets (BOY)
- $49,102,479
Income & contributions
- Employer contributions
- $295,070
- Participant contributions
- $2,596,367
- Total contributions
- $2,934,093
- Total income / additions
- $11,584,571
Expenses & distributions
- Benefits paid
- $6,376,778
- Administrative expenses
- $98,631
- Total expenses
- $6,458,321
- Net increase / (decrease)
- $5,126,250