Strang Corporation 401(K) Profit Sharing Plan — Form 5500 plan (Strang 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, Strang Corporation 401(K) Profit Sharing Plan is a benefit plan reported by Strang Corporation under EIN 34-6526284 and plan number 001. The latest loaded filing year is 2023. The filing reports 380 participants and $5,859,803 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$5.9MPlan net assets, end of year$5,859,803
Participants380Covered participants reported
Assets / participant$15.4KComputed: assets ÷ participants$15,421 (computed)
Provider compensation$75.9K3 Schedule C provider row(s)$75,875
- Plan sponsor
- Strang Corporation
- EIN
- 34-6526284
- Plan number
- 001
- Plan type
- 2
- Location
- Cleveland, OH
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 380 | H, C | 20241010133844NAL0040190258001 |
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)$5.9M total assets
Net assets$5.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $5,859,803
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,859,803
- Net assets (BOY)
- $4,578,259
Income & contributions
- Employer contributions
- $140,813
- Participant contributions
- $450,362
- Total contributions
- $829,766
- Total income / additions
- $1,752,607
Expenses & distributions
- Benefits paid
- $458,597
- Administrative expenses
- $12,466
- Total expenses
- $471,063
- Net increase / (decrease)
- $1,281,544
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.
24%76%
Employer 24%Participant 76%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income26%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nationwide | CUSTODIAN/RECORD KEEPER | $35,010 | $2,677 | 2023 |
| Moskal Gross Orchosky | TPA | $21,619 | $980 | 2023 |
| Mgo Investment Advisors | ADVISOR | $0 | $15,589 | 2023 |