Polamer Precision Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Polamer Precision 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, Polamer Precision Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Polamer Precision Inc under EIN 06-1497200 and plan number 001. The latest loaded filing year is 2023. The filing reports 164 participants and $7,245,492 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Polamer Precision Inc
- EIN
- 06-1497200
- Plan number
- 001
- Plan type
- 2
- Location
- New Britain, CT
- Latest filing year
- 2023
- Participants
- 164
- End-of-year plan assets
- $7,245,492
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 164 | H, C | 20241015101619NAL0014384499001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,245,492
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,245,492
- Net assets (BOY)
- $6,454,177
Income & contributions
- Employer contributions
- $91,987
- Participant contributions
- $597,073
- Total contributions
- $736,972
- Total income / additions
- $1,521,512
Expenses & distributions
- Benefits paid
- $706,035
- Administrative expenses
- $24,162
- Total expenses
- $730,197
- Net increase / (decrease)
- $791,315
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Erisa Fiduciary Services, Inc. | CONTRACT ADMINISTRATOR | $9,330 | not reported in the loaded dataset | 2023 |
| Paychex, Inc. | RECORDKEEPER | $9,310 | not reported in the loaded dataset | 2023 |
| Smith Brothers Financial, LLC | ADVISOR | $5,625 | not reported in the loaded dataset | 2023 |