Indak Manufacturing Corp. Profit Sharing Plan And Trust — Form 5500 plan (Indak Manufacturing 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, Indak Manufacturing Corp. Profit Sharing Plan And Trust is a benefit plan reported by Indak Manufacturing Corporation under EIN 36-2101210 and plan number 002. The latest loaded filing year is 2023. The filing reports 119 participants and $19,979,161 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$20MPlan net assets, end of year$19,979,161
Participants119Covered participants reported
Assets / participant$167.9KComputed: assets ÷ participants$167,892 (computed)
Provider compensation$2.1K2 Schedule C provider row(s)$2,085
Plan sponsor
Indak Manufacturing Corporation
EIN
36-2101210
Plan number
002
Plan type
2
Location
Northbrook, IL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023119H, C20240924164335NAL0023384608001
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)$20M total assets
Net assets$20MLiabilities$0
Money in vs. money out
Total income / additions$3.6M
Total expenses$113.2K
Benefits paid / distributions$113.2K
Contributions
Employer$234.8K
Participant$437K
Full reported line items

Net assets

Total assets (EOY)
$19,979,161
Total liabilities (EOY)
$0
Net assets (EOY)
$19,979,161
Net assets (BOY)
$16,461,898

Income & contributions

Employer contributions
$234,824
Participant contributions
$437,023
Total contributions
$671,847
Total income / additions
$3,630,501

Expenses & distributions

Benefits paid
$113,238
Administrative expenses
$0
Total expenses
$113,238
Net increase / (decrease)
$3,517,263
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 35%Participant 65%
Total expenses ÷ net assets1%Computed ratio
Benefits paid ÷ total income3%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Charles Schwab Trust BankCUSTODIAN$0$2,0852023
Charles Schwab & Co., Inc.CUSTODIAN$0$02023

Related Form 5500 pages