The First Tool Corporation Retirement Savings Plan — Form 5500 plan (The First Tool 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, The First Tool Corporation Retirement Savings Plan is a benefit plan reported by The First Tool Corporation under EIN 31-0724208 and plan number 001. The latest loaded filing year is 2023. The filing reports 146 participants and $7,812,516 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The First Tool Corporation
- EIN
- 31-0724208
- Plan number
- 001
- Plan type
- 2
- Location
- Dayton, OH
- Latest filing year
- 2023
- Participants
- 146
- End-of-year plan assets
- $7,812,516
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 146 | H, C | 20241015122146NAL0028399729007 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,812,516
- Net assets (EOY)
- $7,812,516
- Net assets (BOY)
- $6,876,135
Income & contributions
- Employer contributions
- $163,091
- Participant contributions
- $327,568
- Total contributions
- $490,659
- Total income / additions
- $1,599,501
Expenses & distributions
- Benefits paid
- $624,228
- Administrative expenses
- $38,892
- Total expenses
- $663,120
- Net increase / (decrease)
- $936,381
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Commonwealth Financial Network | ADVISOR | $16,079 | not reported in the loaded dataset | 2023 |
| July Business Services | RECORDKEEPER | $13,444 | not reported in the loaded dataset | 2023 |
| Mid Atlantic Trust Company | not reported in the loaded dataset | $7,965 | not reported in the loaded dataset | 2023 |
| Sms Retirement | TPA | $5,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for The First Tool Corporation
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Dayton, OH
- Commonwealth Financial Network — Schedule C compensation
- July Business Services — Schedule C compensation
- Mid Atlantic Trust Company — Schedule C compensation
- Sms Retirement — Schedule C compensation