Danfoss Power Solutions Employees' Retirement Plan — Form 5500 plan (Danfoss Power Solutions Us Company)

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, Danfoss Power Solutions Employees' Retirement Plan is a benefit plan reported by Danfoss Power Solutions Us Company under EIN 42-1345015 and plan number 001. The latest loaded filing year is 2023. The filing reports 3,147 participants and $153,366,011 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Danfoss Power Solutions Us Company
EIN
42-1345015
Plan number
001
Plan type
2
Location
Ames, IA
Latest filing year
2023
Participants
3,147
End-of-year plan assets
$153,366,011

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20233,147H, C20241010153638NAL0041365250001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$153,366,011
Total liabilities (EOY)
$0
Net assets (EOY)
$153,366,011
Net assets (BOY)
$146,439,239

Income & contributions

Employer contributions
$3,500,000
Total contributions
$3,500,000
Total income / additions
$17,240,627

Expenses & distributions

Benefits paid
$9,260,019
Administrative expenses
$1,053,836
Total expenses
$10,313,855
Net increase / (decrease)
$6,926,772

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Sei Investments CompanyNONE$289,029$02023
State Street Bank And TrustNONE$70,166$02023

Related Form 5500 pages