Burr Oak Tool Inc. Employees' Profit Sharing Plan — Form 5500 plan (Burr Oak Tool Inc.)
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, Burr Oak Tool Inc. Employees' Profit Sharing Plan is a benefit plan reported by Burr Oak Tool Inc. under EIN 38-1218471 and plan number 005. The latest loaded filing year is 2023. The filing reports 430 participants and $69,917,150 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Burr Oak Tool Inc.
- EIN
- 38-1218471
- Plan number
- 005
- Plan type
- 3
- Location
- Sturgis, MI
- Latest filing year
- 2023
- Participants
- 430
- End-of-year plan assets
- $69,917,150
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 430 | H, C | 20240923085455NAL0006540563001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $69,917,150
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $69,917,150
- Net assets (BOY)
- $64,757,269
Income & contributions
- Employer contributions
- $2,364,346
- Participant contributions
- $3,171,560
- Total contributions
- $5,595,166
- Total income / additions
- $13,031,205
Expenses & distributions
- Benefits paid
- $7,722,676
- Administrative expenses
- $95,300
- Total expenses
- $7,871,324
- Net increase / (decrease)
- $5,159,881
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $45,120 | $0 | 2023 |
| Morgan Stanley | INVESTMENT ADVISOR | $35,000 | not reported in the loaded dataset | 2023 |
| Plante Moran Pllc | NONE | $16,000 | not reported in the loaded dataset | 2023 |