Dynalec Corporation Profit Sharing 401(K) Plan — Form 5500 plan (Dynalec Corporation)
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, Dynalec Corporation Profit Sharing 401(K) Plan is a benefit plan reported by Dynalec Corporation under EIN 16-0843235 and plan number 001. The latest loaded filing year is 2023. The filing reports 105 participants and $25,511,027 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Dynalec Corporation
- EIN
- 16-0843235
- Plan number
- 001
- Plan type
- 2
- Location
- Sodus, NY
- Latest filing year
- 2023
- Participants
- 105
- End-of-year plan assets
- $25,511,027
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 105 | H, C | 20240502120952NAL0019025763001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,511,027
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,511,027
- Net assets (BOY)
- $20,663,955
Income & contributions
- Employer contributions
- $268,587
- Participant contributions
- $469,496
- Total contributions
- $743,634
- Total income / additions
- $5,468,403
Expenses & distributions
- Benefits paid
- $529,284
- Administrative expenses
- $92,047
- Total expenses
- $621,331
- Net increase / (decrease)
- $4,847,072
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wealth Enhancement Advisory Service | INVESTMENT ADVISORY | $42,056 | not reported in the loaded dataset | 2023 |
| Transamerica Retirement Solutions | RECORDKEEPER | $14,743 | $0 | 2023 |
| Flaherty Salmin, Llp | ACCOUNTANT | $13,650 | not reported in the loaded dataset | 2023 |