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, Weld-Rite Service, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Weld-Rite Service, Inc. under EIN 36-2841861 and plan number 001. The latest loaded filing year is 2023. The filing reports 123 participants and $7,992,486 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,992,486
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,992,486
- Net assets (BOY)
- $7,024,643
Income & contributions
- Employer contributions
- $120,000
- Participant contributions
- $503,455
- Total contributions
- $817,319
- Total income / additions
- $2,373,628
Expenses & distributions
- Benefits paid
- $1,377,080
- Administrative expenses
- $19,349
- Total expenses
- $1,405,785
- Net increase / (decrease)
- $967,843