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, Albany International Corp. Prosperity Plus Savings Plan is a benefit plan reported by Albany International Corp. under EIN 14-0462060 and plan number 025. The latest loaded filing year is 2023. The filing reports 2,792 participants and $447,510,354 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $447,510,354
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $447,510,354
- Net assets (BOY)
- $398,492,463
Income & contributions
- Employer contributions
- $12,064,979
- Participant contributions
- $14,952,801
- Total contributions
- $27,899,583
- Total income / additions
- $90,887,762
Expenses & distributions
- Benefits paid
- $41,613,385
- Administrative expenses
- $344,182
- Total expenses
- $41,869,871
- Net increase / (decrease)
- $49,017,891