Cornwell Quality Tools Company Profit Sharing 401(K) Plan — Form 5500 plan (Cornwell Quality Tools Company)
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, Cornwell Quality Tools Company Profit Sharing 401(K) Plan is a benefit plan reported by Cornwell Quality Tools Company under EIN 34-0165010 and plan number 002. The latest loaded filing year is 2023. The filing reports 337 participants and $11,757,609 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cornwell Quality Tools Company
- EIN
- 34-0165010
- Plan number
- 002
- Plan type
- 2
- Location
- Wadsworth, OH
- Latest filing year
- 2023
- Participants
- 337
- End-of-year plan assets
- $11,757,609
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 337 | H, C | 20241015134312NAL0016517251001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,757,609
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,757,609
- Net assets (BOY)
- $10,586,406
Income & contributions
- Participant contributions
- $1,138,129
- Total contributions
- $1,248,515
- Total income / additions
- $2,893,895
Expenses & distributions
- Benefits paid
- $1,657,971
- Administrative expenses
- $145,916
- Total expenses
- $1,784,553
- Net increase / (decrease)
- $1,109,342
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $113,635 | $0 | 2023 |
| Merrill Lynch Pierce Fenner & Smith | BROKERAGE | $0 | $31,201 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER/BOOKKEEPER | $21,408 | $0 | 2023 |
| Pnc Bank | INVESTMENT ADVISORY | $8,163 | not reported in the loaded dataset | 2023 |
| Kline Keppel & Koryak Pc | CONTRACT ADMINISTRATOR | $0 | $5,000 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Cornwell Quality Tools Company
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Wadsworth, OH
- Principal Life Insurance Company — Schedule C compensation
- Merrill Lynch Pierce Fenner & Smith — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Pnc Bank — Schedule C compensation
- Kline Keppel & Koryak Pc — Schedule C compensation