Micro Tool Company Employee Benefit Plan — Form 5500 plan (Micro Tool Company, Inc.)
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, Micro Tool Company Employee Benefit Plan is a benefit plan reported by Micro Tool Company, Inc. under EIN 23-2679747 and plan number 501. The latest loaded filing year is 2023. The filing reports 38 participants and $43,060 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)-$2.2KPlan net assets, end of year-$2,173
Participants38Covered participants reported
Assets / participant$1.1KComputed: assets ÷ participants$1,133 (computed)
Provider compensation$2K3 Schedule C provider row(s)$1,962
- Plan sponsor
- Micro Tool Company, Inc.
- EIN
- 23-2679747
- Plan number
- 501
- Plan type
- 2
- Location
- Bethlehem, PA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 38 | I, C | 20240709150426NAL0029462610001 |
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)$43.1K total assets
Net assets-$2.2KLiabilities$45.2K
Full reported line items
Net assets
- Total assets (EOY)
- $43,060
- Total liabilities (EOY)
- $45,233
- Net assets (EOY)
- -$2,173
- Net assets (BOY)
- $32,801
Income & contributions
- Employer contributions
- $21,424
- Participant contributions
- $4,452
- Total income / additions
- $25,999
Expenses & distributions
- Benefits paid
- $50,585
- Administrative expenses
- $0
- Total expenses
- $60,973
- Net increase / (decrease)
- -$34,974
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.
83%17%
Employer 83%Participant 17%
Benefits paid ÷ total income195%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Employee Benefits Consultants, LLC | BROKER | $930 | not reported in the loaded dataset | 2023 |
| The Benecon Group | BROKER | $863 | not reported in the loaded dataset | 2023 |
| Connectcare3 | PATIENT ADVOCATE | $169 | not reported in the loaded dataset | 2023 |