Innovative Machining Technology, Inc. Group Health Plan — Form 5500 plan (Innovative Machining Technology, Inc 401(K) Plan)
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, Innovative Machining Technology, Inc. Group Health Plan is a benefit plan reported by Innovative Machining Technology, Inc 401(K) Plan under EIN 23-2621851 and plan number 501. The latest loaded filing year is 2023. The filing reports 33 participants and $18,207 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)-$24.2KPlan net assets, end of year-$24,247
Participants33Covered participants reported
Assets / participant$552Computed: assets ÷ participants$552 (computed)
Provider compensation$29.2K4 Schedule C provider row(s)$29,243
- Plan sponsor
- Innovative Machining Technology, Inc 401(K) Plan
- EIN
- 23-2621851
- Plan number
- 501
- Plan type
- 2
- Location
- Boyertown, PA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 33 | I, C | 20250212081816NAL0011467187001 |
Schedule I · 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)$18.2K total assets
Net assets-$24.2KLiabilities$42.5K
Full reported line items
Net assets
- Total assets (EOY)
- $18,207
- Total liabilities (EOY)
- $42,454
- Net assets (EOY)
- -$24,247
- Net assets (BOY)
- $0
Income & contributions
- Employer contributions
- $310,071
- Participant contributions
- $58,578
- Total income / additions
- $371,313
Expenses & distributions
- Benefits paid
- $222,749
- Administrative expenses
- $2,970
- Total expenses
- $395,560
- Net increase / (decrease)
- -$24,247
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.
84%16%
Employer 84%Participant 16%
Benefits paid ÷ total income60%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Patriot (Power-Kunkle Group, Inc.) | BROKER | $14,148 | not reported in the loaded dataset | 2023 |
| The Benecon Group | BROKER | $9,979 | not reported in the loaded dataset | 2023 |
| Capital Bluecross | ADMIN | $2,970 | not reported in the loaded dataset | 2023 |
| Connectcare3 | PATIENT ADVOCATE | $2,146 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Innovative Machining Technology, Inc 401(K) Plan
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Boyertown, PA
- Patriot (Power-Kunkle Group, Inc.) — Schedule C compensation
- The Benecon Group — Schedule C compensation
- Capital Bluecross — Schedule C compensation
- Connectcare3 — Schedule C compensation