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, Nfm Welding Engineers, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Nfm Welding Engineers, Inc. under EIN 34-1461122 and plan number 001. The latest loaded filing year is 2023. The filing reports 149 participants and $7,116,894 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,116,894
- Total liabilities (EOY)
- $29,589
- Net assets (EOY)
- $7,087,305
- Net assets (BOY)
- $9,350,944
Income & contributions
- Employer contributions
- $126,250
- Participant contributions
- $666,278
- Total contributions
- $792,528
- Total income / additions
- $1,476,672
Expenses & distributions
- Benefits paid
- $3,710,021
- Administrative expenses
- $1,500
- Total expenses
- $3,740,311
- Net increase / (decrease)
- -$2,263,639