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, O'Connell Electric Company, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by O'Connell Electric Co. under EIN 16-0950645 and plan number 002. The latest loaded filing year is 2023. The filing reports 279 participants and $58,758,300 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $58,758,300
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $58,758,300
- Net assets (BOY)
- $49,612,418
Income & contributions
- Employer contributions
- $1,825,397
- Participant contributions
- $1,289,437
- Total contributions
- $3,395,022
- Total income / additions
- $13,883,248
Expenses & distributions
- Benefits paid
- $4,574,214
- Administrative expenses
- $159,906
- Total expenses
- $4,737,366
- Net increase / (decrease)
- $9,145,882