Plan5500

Panel Processing, Inc. 401(K) 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. 401(K) Plan is a benefit plan reported by Panel Processing, Inc. under EIN 38-1946344 and plan number 004. The latest loaded filing year is 2023. The filing reports 231 participants and $6,042,941 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
004
Plan type
2
Location
Alpena, MI
Latest filing year
2023
Participants
231
End-of-year plan assets
$6,042,941

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023231H, C20240930093037NAL0002530595001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$6,042,941
Total liabilities (EOY)
$0
Net assets (EOY)
$6,042,941
Net assets (BOY)
$5,683,974

Income & contributions

Employer contributions
$20,770
Participant contributions
$276,417
Total contributions
$297,187
Total income / additions
$1,298,397

Expenses & distributions

Benefits paid
$900,733
Administrative expenses
$38,697
Total expenses
$939,430
Net increase / (decrease)
$358,967

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Captrust Investment AdvisorsINVESTMENT ADVISOR$32,571not reported in the loaded dataset2023
Milliman, Inc.NONE$6,127not reported in the loaded dataset2023
Charles Schwab & Co., Inc.NONE$0$02023

Related Form 5500 pages