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, Ascendum Machinery, Inc. 401(K) Plan is a benefit plan reported by Ascendum Machinery, Inc. under EIN 20-1862082 and plan number 002. The latest loaded filing year is 2023. The filing reports 342 participants and $23,948,682 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,948,682
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,948,682
- Net assets (BOY)
- $21,321,373
Income & contributions
- Employer contributions
- $826,686
- Participant contributions
- $1,730,075
- Total contributions
- $2,614,959
- Total income / additions
- $5,593,711
Expenses & distributions
- Benefits paid
- $2,956,334
- Administrative expenses
- $10,068
- Total expenses
- $2,966,402
- Net increase / (decrease)
- $2,627,309