Formica Corporation 401(K) Retirement Savings Plan — Form 5500 plan (Formica 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, Formica Corporation 401(K) Retirement Savings Plan is a benefit plan reported by Formica Corporation under EIN 23-2192184 and plan number 006. The latest loaded filing year is 2023. The filing reports 723 participants and $82,791,336 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$82.7MPlan net assets, end of year$82,681,993
Participants723Covered participants reported
Assets / participant$114.5KComputed: assets ÷ participants$114,511 (computed)
Provider compensation$99.4K1 Schedule C provider row(s)$99,402
- Plan sponsor
- Formica Corporation
- EIN
- 23-2192184
- Plan number
- 006
- Plan type
- 2
- Location
- Cincinnati, OH
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 723 | H, C | 20241015135914NAL0056509138001 |
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)$82.8M total assets
Net assets$82.7MLiabilities$109.3K
Full reported line items
Net assets
- Total assets (EOY)
- $82,791,336
- Total liabilities (EOY)
- $109,343
- Net assets (EOY)
- $82,681,993
- Net assets (BOY)
- $66,873,230
Income & contributions
- Employer contributions
- $1,460,826
- Participant contributions
- $3,138,657
- Total contributions
- $4,877,030
- Total income / additions
- $21,668,997
Expenses & distributions
- Benefits paid
- $5,760,281
- Administrative expenses
- $99,402
- Total expenses
- $5,860,234
- Net increase / (decrease)
- $15,808,763
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.
32%68%
Employer 32%Participant 68%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income27%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock | RECORDKEEPER | $99,402 | $0 | 2023 |