Parker Machine Company Incorporated 401(K) Plan — Form 5500 plan (Parker Machine Company Incorporated)

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, Parker Machine Company Incorporated 401(K) Plan is a benefit plan reported by Parker Machine Company Incorporated under EIN 14-1641775 and plan number 001. The latest loaded filing year is 2023. The filing reports 20 participants and $2,858,374 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.9MPlan net assets, end of year$2,858,374
Participants20Covered participants reported
Assets / participant$142.9KComputed: assets ÷ participants$142,919 (computed)
Provider compensationNone reported
Plan sponsor
Parker Machine Company Incorporated
EIN
14-1641775
Plan number
001
Plan type
2
Location
Fort Edward, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202320I20240514104926NAL0063091538001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$2.9M total assets
Net assets$2.9MLiabilities$0
Money in vs. money out
Total income / additions$570.3K
Total expenses$605K
Benefits paid / distributions$589.1K
Contributions
Employer$43.9K
Participant$120.5K
Full reported line items

Net assets

Total assets (EOY)
$2,858,374
Total liabilities (EOY)
$0
Net assets (EOY)
$2,858,374
Net assets (BOY)
$2,893,065

Income & contributions

Employer contributions
$43,874
Participant contributions
$120,455
Total income / additions
$570,295

Expenses & distributions

Benefits paid
$589,100
Administrative expenses
$15,886
Total expenses
$604,986
Net increase / (decrease)
-$34,691
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 27%Participant 73%
Total expenses ÷ net assets21%Computed ratio
Benefits paid ÷ total income103%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages