Servotronics Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Servotronics 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, Servotronics Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Servotronics Inc under EIN 16-0837866 and plan number 006. The latest loaded filing year is 2023. The filing reports 358 participants and $8,776,830 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Servotronics Inc
- EIN
- 16-0837866
- Plan number
- 006
- Plan type
- 2
- Location
- Elma, NY
- Latest filing year
- 2023
- Participants
- 358
- End-of-year plan assets
- $8,776,830
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 358 | H, C | 20241002091219NAL0008578881001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,776,830
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,776,830
- Net assets (BOY)
- $7,538,423
Income & contributions
- Employer contributions
- $352,375
- Participant contributions
- $967,347
- Total contributions
- $1,395,270
- Total income / additions
- $2,663,516
Expenses & distributions
- Benefits paid
- $1,383,073
- Administrative expenses
- $42,036
- Total expenses
- $1,425,109
- Net increase / (decrease)
- $1,238,407
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Paychex, Inc. | RECORDKEEPER | $22,209 | not reported in the loaded dataset | 2023 |
| Ubs Financial Services Inc | ADVISOR | $19,201 | not reported in the loaded dataset | 2023 |