Michigan Turkey Producers 401(K) Savings Plan — Form 5500 plan (Michigan Turkey Producers)
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, Michigan Turkey Producers 401(K) Savings Plan is a benefit plan reported by Michigan Turkey Producers under EIN 38-3432559 and plan number 001. The latest loaded filing year is 2023. The filing reports 497 participants and $17,229,454 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$17.2MPlan net assets, end of year$17,229,454
Participants497Covered participants reported
Assets / participant$34.7KComputed: assets ÷ participants$34,667 (computed)
Provider compensation$5.8K1 Schedule C provider row(s)$5,772
- Plan sponsor
- Michigan Turkey Producers
- EIN
- 38-3432559
- Plan number
- 001
- Plan type
- 2
- Location
- Grand Rapids, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 497 | H, C | 20240926094130NAL0000899648001 |
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)$17.2M total assets
Net assets$17.2MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $17,229,454
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,229,454
- Net assets (BOY)
- $15,624,970
Income & contributions
- Employer contributions
- $534,182
- Participant contributions
- $966,457
- Total contributions
- $1,520,660
- Total income / additions
- $3,901,163
Expenses & distributions
- Benefits paid
- $2,198,917
- Administrative expenses
- $97,762
- Total expenses
- $2,296,679
- Net increase / (decrease)
- $1,604,484
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.
36%64%
Employer 36%Participant 64%
Total expenses ÷ net assets13%Computed ratio
Benefits paid ÷ total income56%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Insurance Company | RECORDKEEPER | $5,772 | $0 | 2023 |