Watson Engineering Incorporated 401k Plan — Form 5500 plan (Watson Engineering Incorporated)
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, Watson Engineering Incorporated 401k Plan is a benefit plan reported by Watson Engineering Incorporated under EIN 38-2547616 and plan number 001. The latest loaded filing year is 2023. The filing reports 288 participants and $15,949,118 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Watson Engineering Incorporated
- EIN
- 38-2547616
- Plan number
- 001
- Plan type
- 2
- Location
- Taylor, MI
- Latest filing year
- 2023
- Participants
- 288
- End-of-year plan assets
- $15,949,118
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 288 | H, C | 20250710080253NAL0008887584001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,949,118
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,949,118
- Net assets (BOY)
- $12,482,993
Income & contributions
- Employer contributions
- $103,912
- Participant contributions
- $769,787
- Total contributions
- $914,800
- Total income / additions
- $4,069,134
Expenses & distributions
- Benefits paid
- $539,085
- Administrative expenses
- $58,273
- Total expenses
- $603,009
- Net increase / (decrease)
- $3,466,125
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $58,273 | $0 | 2023 |
| Principal Securities Inc | INVESTMENT ADVISORY | $0 | $20,748 | 2023 |