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, Thorworks Industries, Inc. 401k Profit Sharing Plan & Trust is a benefit plan reported by Thorworks Industries, Inc. under EIN 41-1529458 and plan number 333. The latest loaded filing year is 2023. The filing reports 415 participants and $8,659,010 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,659,010
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,659,010
- Net assets (BOY)
- $8,457,532
Income & contributions
- Employer contributions
- $212,358
- Participant contributions
- $777,759
- Total contributions
- $994,215
- Total income / additions
- $2,317,233
Expenses & distributions
- Benefits paid
- $2,042,118
- Administrative expenses
- $40,624
- Total expenses
- $2,115,755
- Net increase / (decrease)
- $201,478