403b Thrift Plan For The Goodwill Industries Of Akron, Ohio, Inc. — Form 5500 plan (The Goodwill Industries Of Akron, Ohio, 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, 403b Thrift Plan For The Goodwill Industries Of Akron, Ohio, Inc. is a benefit plan reported by The Goodwill Industries Of Akron, Ohio, Inc. under EIN 34-0252230 and plan number 001. The latest loaded filing year is 2023. The filing reports 675 participants and $5,112,182 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5.1MPlan net assets, end of year$5,112,182
Participants675Covered participants reported
Assets / participant$7.6KComputed: assets ÷ participants$7,574 (computed)
Provider compensation$11.4K1 Schedule C provider row(s)$11,368
Plan sponsor
The Goodwill Industries Of Akron, Ohio, Inc.
EIN
34-0252230
Plan number
001
Plan type
2
Location
Akron, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023675H, C20240814083836NAL0011539953001
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)$5.1M total assets
Net assets$5.1MLiabilities$0
Money in vs. money out
Total income / additions$1.2M
Total expenses$452.3K
Benefits paid / distributions$414K
Contributions
Employer$181K
Participant$306.2K
Full reported line items

Net assets

Total assets (EOY)
$5,112,182
Total liabilities (EOY)
$0
Net assets (EOY)
$5,112,182
Net assets (BOY)
$4,319,390

Income & contributions

Employer contributions
$180,956
Participant contributions
$306,184
Total contributions
$528,270
Total income / additions
$1,245,087

Expenses & distributions

Benefits paid
$414,015
Administrative expenses
$38,280
Total expenses
$452,295
Net increase / (decrease)
$792,792
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 37%Participant 63%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income33%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Valmark AdvisorsSERVICE PROVIDER$0$11,3682023

Related Form 5500 pages