Loram Retirement Plan — Form 5500 plan (Loram)
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, Loram Retirement Plan is a benefit plan reported by Loram under EIN 41-0950401 and plan number 316. The latest loaded filing year is 2023. The filing reports 1,409 participants and $147,670,710 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$147.7MPlan net assets, end of year$147,670,710
Participants1.4KCovered participants reported1,409
Assets / participant$104.8KComputed: assets ÷ participants$104,805 (computed)
Provider compensation$178K3 Schedule C provider row(s)$177,951
- Plan sponsor
- Loram
- EIN
- 41-0950401
- Plan number
- 316
- Plan type
- 2
- Location
- Hamel, MN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,409 | H, C | 20240925091645NAL0008177779001 |
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)$147.7M total assets
Net assets$147.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $147,670,710
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $147,670,710
- Net assets (BOY)
- $124,684,945
Income & contributions
- Employer contributions
- $6,635,840
- Participant contributions
- $7,540,086
- Total contributions
- $15,221,772
- Total income / additions
- $37,514,911
Expenses & distributions
- Benefits paid
- $14,240,948
- Administrative expenses
- $177,951
- Total expenses
- $14,529,146
- Net increase / (decrease)
- $22,985,765
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.
47%53%
Employer 47%Participant 53%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income38%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $97,426 | $0 | 2023 |
| Mma Securities | ADVISOR | $45,000 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $35,525 | not reported in the loaded dataset | 2023 |