American Friction Technologies, Ltd. Profit Sharing Plan — Form 5500 plan (American Friction Technologies, Ltd.)

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, American Friction Technologies, Ltd. Profit Sharing Plan is a benefit plan reported by American Friction Technologies, Ltd. under EIN 34-1840354 and plan number 001. The latest loaded filing year is 2023. The filing reports 70 participants and $3,597,111 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.6MPlan net assets, end of year$3,597,111
Participants70Covered participants reported
Assets / participant$51.4KComputed: assets ÷ participants$51,387 (computed)
Provider compensationNone reported
Plan sponsor
American Friction Technologies, Ltd.
EIN
34-1840354
Plan number
001
Plan type
2
Location
Garfield Heights, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202370I20241015134153NAL0048180992001
Schedule I · 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)$3.6M total assets
Net assets$3.6MLiabilities$0
Money in vs. money out
Total income / additions$714.3K
Total expenses$351K
Benefits paid / distributions$349.1K
Contributions
Employer$123.8K
Participant$66K
Full reported line items

Net assets

Total assets (EOY)
$3,597,111
Total liabilities (EOY)
$0
Net assets (EOY)
$3,597,111
Net assets (BOY)
$3,233,765

Income & contributions

Employer contributions
$123,821
Participant contributions
$66,003
Total income / additions
$714,324

Expenses & distributions

Benefits paid
$349,064
Administrative expenses
$1,914
Total expenses
$350,978
Net increase / (decrease)
$363,346
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 65%Participant 35%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income49%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages