Ferragon Corp. Thrift Incentive Plan — Form 5500 plan (Ferragon 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, Ferragon Corp. Thrift Incentive Plan is a benefit plan reported by Ferragon Corporation under EIN 34-1384033 and plan number 001. The latest loaded filing year is 2023. The filing reports 224 participants and $12,012,956 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ferragon Corporation
- EIN
- 34-1384033
- Plan number
- 001
- Plan type
- 2
- Location
- Cleveland, OH
- Latest filing year
- 2023
- Participants
- 224
- End-of-year plan assets
- $12,012,956
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 224 | H, C | 20241010170625NAL0021493537001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,012,956
- Total liabilities (EOY)
- $67,483
- Net assets (EOY)
- $11,945,473
- Net assets (BOY)
- $10,125,003
Income & contributions
- Employer contributions
- $314,593
- Participant contributions
- $840,318
- Total contributions
- $1,154,911
- Total income / additions
- $2,642,274
Expenses & distributions
- Benefits paid
- $765,622
- Administrative expenses
- $56,182
- Total expenses
- $821,804
- Net increase / (decrease)
- $1,820,470
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Valmark Securities | ADVISOR | $0 | $26,551 | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPING | $4,127 | $750 | 2023 |