Panel Processing, Inc. Employee Stock Ownership Plan — Form 5500 plan (Panel Processing, 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, Panel Processing, Inc. Employee Stock Ownership Plan is a benefit plan reported by Panel Processing, Inc. under EIN 38-1946344 and plan number 002. The latest loaded filing year is 2023. The filing reports 316 participants and $12,946,735 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Panel Processing, Inc.
- EIN
- 38-1946344
- Plan number
- 002
- Plan type
- 2
- Location
- Alpena, MI
- Latest filing year
- 2023
- Participants
- 316
- End-of-year plan assets
- $12,946,735
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 316 | H | 20260122160913NAL0006405888001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,946,735
- Total liabilities (EOY)
- $767
- Net assets (EOY)
- $12,945,968
- Net assets (BOY)
- $14,883,347
Income & contributions
- Employer contributions
- $800,000
- Total contributions
- $800,000
- Total income / additions
- -$265,743
Expenses & distributions
- Benefits paid
- $1,668,602
- Administrative expenses
- $3,034
- Total expenses
- $1,671,636
- Net increase / (decrease)
- -$1,937,379
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.