403(B) Thrift Plan Of Work Skills Corporation — Form 5500 plan (Work Skills 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, 403(B) Thrift Plan Of Work Skills Corporation is a benefit plan reported by Work Skills Corporation under EIN 38-2025701 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,718 participants and $3,345,933 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$3.3MPlan net assets, end of year$3,345,933
Participants1.7KCovered participants reported1,718
Assets / participant$1.9KComputed: assets ÷ participants$1,948 (computed)
Provider compensation$11K5 Schedule C provider row(s)$11,005
- Plan sponsor
- Work Skills Corporation
- EIN
- 38-2025701
- Plan number
- 001
- Plan type
- 2
- Location
- Brighton, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,718 | H, C | 20241015145043NAL0056770018001 |
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)$3.3M total assets
Net assets$3.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $3,345,933
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,345,933
- Net assets (BOY)
- $2,951,386
Income & contributions
- Employer contributions
- $54,017
- Participant contributions
- $215,990
- Total contributions
- $306,163
- Total income / additions
- $731,398
Expenses & distributions
- Benefits paid
- $332,674
- Administrative expenses
- $4,177
- Total expenses
- $336,851
- Net increase / (decrease)
- $394,547
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.
20%80%
Employer 20%Participant 80%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income45%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Hub International Midwest Limited | TPA ALLOWANCE PROGRAM | $6,751 | $0 | 2023 |
| Stancorp Financial Group | RECORDKEEPER | $3,111 | $0 | 2023 |
| Global Retirement Partners, LLC | ADVISORY SERVICES | $930 | $0 | 2023 |
| Hub International Midwest Limited | TPA FEES | $120 | $0 | 2023 |
| Reliance Custody | CUSTODY FEES | $93 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Work Skills Corporation
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Brighton, MI
- Hub International Midwest Limited — Schedule C compensation
- Stancorp Financial Group — Schedule C compensation
- Global Retirement Partners, LLC — Schedule C compensation
- Reliance Custody — Schedule C compensation