Microtek 401k Profit Sharing Plan — Form 5500 plan (Microtek, Inc.)
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, Microtek 401k Profit Sharing Plan is a benefit plan reported by Microtek, Inc. under EIN 04-2775290 and plan number 002. The latest loaded filing year is 2023. The filing reports 111 participants and $4,011,767 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Microtek, Inc.
- EIN
- 04-2775290
- Plan number
- 002
- Plan type
- 2
- Location
- Chicopee, MA
- Latest filing year
- 2023
- Participants
- 111
- End-of-year plan assets
- $4,011,767
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 111 | H, C | 20240613102515NAL0054076992001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,011,767
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,011,767
- Net assets (BOY)
- $3,744,407
Income & contributions
- Employer contributions
- $107,002
- Participant contributions
- $227,621
- Total contributions
- $334,623
- Total income / additions
- $858,482
Expenses & distributions
- Benefits paid
- $551,666
- Administrative expenses
- $39,456
- Total expenses
- $591,122
- Net increase / (decrease)
- $267,360
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $29,625 | $0 | 2023 |
| Commonwealth Financial Network | INVESTMENT ADVISOR | $8,527 | not reported in the loaded dataset | 2023 |
| The Angell Pension Group, Inc. | THIRD PARTY ADMINISTRATO | $983 | $2,994 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Microtek, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Chicopee, MA
- Empower Annuity Insurance Company — Schedule C compensation
- Commonwealth Financial Network — Schedule C compensation
- The Angell Pension Group, Inc. — Schedule C compensation