Plan5500

Balance Technology, Inc. 401(K) Plan — Form 5500 plan (Balance Technology, 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, Balance Technology, Inc. 401(K) Plan is a benefit plan reported by Balance Technology, Inc. under EIN 38-2822225 and plan number 001. The latest loaded filing year is 2023. The filing reports 163 participants and $17,120,638 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Balance Technology, Inc.
EIN
38-2822225
Plan number
001
Plan type
2
Location
Whitmore Lake, MI
Latest filing year
2023
Participants
163
End-of-year plan assets
$17,120,638

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023163H, C20241008141141NAL0008441715001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$17,120,638
Total liabilities (EOY)
$0
Net assets (EOY)
$17,120,638
Net assets (BOY)
$15,304,071

Income & contributions

Employer contributions
$131,531
Participant contributions
$613,924
Total contributions
$764,381
Total income / additions
$3,824,242

Expenses & distributions

Benefits paid
$1,949,185
Administrative expenses
$58,490
Total expenses
$2,007,675
Net increase / (decrease)
$1,816,567

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Capfinancial PartnersINVESTMENT ADVISORY$77,376not reported in the loaded dataset2023
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$28,799$02023

Related Form 5500 pages