Proven Partners Manufacturing Retirement Savings Plan — Form 5500 plan (Proven Partners Manufacturing)
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, Proven Partners Manufacturing Retirement Savings Plan is a benefit plan reported by Proven Partners Manufacturing under EIN 20-2145505 and plan number 001. The latest loaded filing year is 2023. The filing reports 374 participants and $2,603,089 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$2.6MPlan net assets, end of year$2,603,089
Participants374Covered participants reported
Assets / participant$7KComputed: assets ÷ participants$6,960 (computed)
Provider compensation$23.9K2 Schedule C provider row(s)$23,938
- Plan sponsor
- Proven Partners Manufacturing
- EIN
- 20-2145505
- Plan number
- 001
- Plan type
- 2
- Location
- Elgin, IL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 374 | H, C | 20241015165203NAL0016914275001 |
Schedule H · 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)$2.6M total assets
Net assets$2.6MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $2,603,089
- Net assets (EOY)
- $2,603,089
- Net assets (BOY)
- $1,994,541
Income & contributions
- Employer contributions
- $161,834
- Participant contributions
- $300,512
- Total contributions
- $462,346
- Total income / additions
- $902,933
Expenses & distributions
- Benefits paid
- $270,447
- Administrative expenses
- $23,938
- Total expenses
- $294,385
- Net increase / (decrease)
- $608,548
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.
35%65%
Employer 35%Participant 65%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income30%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transamerica Financial Life Ins Co | RECORDKEEPER | $17,695 | $0 | 2023 |
| Merrill Lynch Life Agency, Inc. | INVESTMENT ADVISOR | $6,243 | not reported in the loaded dataset | 2023 |