Fasteners For Retail, Inc. 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Fasteners For Retail, 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, Fasteners For Retail, Inc. 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Fasteners For Retail, Inc. under EIN 34-0895124 and plan number 003. The latest loaded filing year is 2023. The filing reports 531 participants and $1,798,070 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.8MPlan net assets, end of year$1,798,070
Participants531Covered participants reported
Assets / participant$3.4KComputed: assets ÷ participants$3,386 (computed)
Provider compensation$108.8K3 Schedule C provider row(s)$108,845
Plan sponsor
Fasteners For Retail, Inc.
EIN
34-0895124
Plan number
003
Plan type
2
Location
Twinsburg, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023531H, C20250305075748NAL0005109555001
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)$1.8M total assets
Net assets$1.8MLiabilities$0
Money in vs. money out
Total income / additions$4.4M
Total expenses$2.5M
Benefits paid / distributions$2.5M
Contributions
Employer$370.2K
Participant$1M
Full reported line items

Net assets

Total assets (EOY)
$1,798,070
Total liabilities (EOY)
$0
Net assets (EOY)
$1,798,070
Net assets (BOY)
$35,905,789

Income & contributions

Employer contributions
$370,192
Participant contributions
$1,026,167
Total contributions
$1,515,151
Total income / additions
$4,417,123

Expenses & distributions

Benefits paid
$2,482,092
Administrative expenses
$19,780
Total expenses
$2,501,872
Net increase / (decrease)
$1,915,251
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 27%Participant 73%
Total expenses ÷ net assets139%Computed ratio
Benefits paid ÷ total income56%Computed ratio
Provider comp. ÷ net assets6%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$54,751$02023
Ancora Retirement Plan Advisors IncINVESTMENT ADVISOR$37,789not reported in the loaded dataset2023
Empower Advisory Group, LLCINVESTMENT MGMT$16,305not reported in the loaded dataset2023

Related Form 5500 pages