Miami Industrial Trucks, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Miami Industrial Trucks, 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, Miami Industrial Trucks, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Miami Industrial Trucks, Inc. under EIN 31-0590495 and plan number 001. The latest loaded filing year is 2023. The filing reports 208 participants and $9,624,857 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9.6MPlan net assets, end of year$9,624,857
Participants208Covered participants reported
Assets / participant$46.3KComputed: assets ÷ participants$46,273 (computed)
Provider compensation$66.9K3 Schedule C provider row(s)$66,927
Plan sponsor
Miami Industrial Trucks, Inc.
EIN
31-0590495
Plan number
001
Plan type
2
Location
Dayton, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023208H, C20240918151000NAL0004755553001
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)$9.6M total assets
Net assets$9.6MLiabilities$0
Money in vs. money out
Total income / additions$2.4M
Total expenses$1.3M
Benefits paid / distributions$1.2M
Contributions
Employer$489.2K
Participant$602.7K
Full reported line items

Net assets

Total assets (EOY)
$9,624,857
Total liabilities (EOY)
$0
Net assets (EOY)
$9,624,857
Net assets (BOY)
$8,541,828

Income & contributions

Employer contributions
$489,151
Participant contributions
$602,674
Total contributions
$1,091,825
Total income / additions
$2,388,724

Expenses & distributions

Benefits paid
$1,238,768
Administrative expenses
$66,927
Total expenses
$1,305,695
Net increase / (decrease)
$1,083,029
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.

Contribution share (employer vs. participant)
Employer 45%Participant 55%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income52%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Advisory Group, LLCINVESTMENT MGMT$33,438not reported in the loaded dataset2023
Empower Annuity Insurance Company ORECORDKEEPER$23,024$02023
Fifth Third BankINVESTMENT ADVISOR$10,465not reported in the loaded dataset2023

Related Form 5500 pages