Turbine Services, Ltd. 401(K) Profit Sharing Plan — Form 5500 plan (Turbine Services, Ltd.)

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, Turbine Services, Ltd. 401(K) Profit Sharing Plan is a benefit plan reported by Turbine Services, Ltd. under EIN 14-6089297 and plan number 001. The latest loaded filing year is 2023. The filing reports 23 participants and $9,143,035 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9.1MPlan net assets, end of year$9,143,035
Participants23Covered participants reported
Assets / participant$397.5KComputed: assets ÷ participants$397,523 (computed)
Provider compensationNone reported
Plan sponsor
Turbine Services, Ltd.
EIN
14-6089297
Plan number
001
Plan type
2
Location
Saratoga Springs, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202323I20241101112901NAL0006711442001
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)$9.1M total assets
Net assets$9.1MLiabilities$0
Money in vs. money out
Total income / additions$1.5M
Total expenses$737.2K
Benefits paid / distributions$737.1K
Contributions
Employer$63.9K
Participant$152.5K
Full reported line items

Net assets

Total assets (EOY)
$9,143,035
Total liabilities (EOY)
$0
Net assets (EOY)
$9,143,035
Net assets (BOY)
$8,368,457

Income & contributions

Employer contributions
$63,888
Participant contributions
$152,537
Total income / additions
$1,511,755

Expenses & distributions

Benefits paid
$737,127
Administrative expenses
$50
Total expenses
$737,177
Net increase / (decrease)
$774,578
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 30%Participant 70%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income49%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages