Fortune Metal Inc. Of Rhode Island 401(K) Profit Sharing Pla — Form 5500 plan (Fortune Metal Group 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, Fortune Metal Inc. Of Rhode Island 401(K) Profit Sharing Pla is a benefit plan reported by Fortune Metal Group Inc. under EIN 05-0502730 and plan number 001. The latest loaded filing year is 2023. The filing reports 349 participants and $14,386,117 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Fortune Metal Group Inc.
- EIN
- 05-0502730
- Plan number
- 001
- Plan type
- 2
- Location
- Rahway, NJ
- Latest filing year
- 2023
- Participants
- 349
- End-of-year plan assets
- $14,386,117
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 349 | H, C | 20241015173836NAL0015183107001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,386,117
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,386,117
- Net assets (BOY)
- $10,906,536
Income & contributions
- Employer contributions
- $346,418
- Participant contributions
- $946,110
- Total contributions
- $1,292,528
- Total income / additions
- $3,776,165
Expenses & distributions
- Benefits paid
- $241,295
- Administrative expenses
- $53,753
- Total expenses
- $296,584
- Net increase / (decrease)
- $3,479,581
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Excel Wealth Management, LLC | INVESTMENT/FINANCIAL ADVI | $37,044 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $16,709 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |