Owen Industries, Inc. Profit Sharing & 401(K) Plan — Form 5500 plan (Owen Industries, 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, Owen Industries, Inc. Profit Sharing & 401(K) Plan is a benefit plan reported by Owen Industries, Inc. under EIN 47-0618875 and plan number 001. The latest loaded filing year is 2023. The filing reports 497 participants and $26,772,359 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$26.8MPlan net assets, end of year$26,751,245
Participants497Covered participants reported
Assets / participant$53.9KComputed: assets ÷ participants$53,868 (computed)
Provider compensation$116.2K5 Schedule C provider row(s)$116,249
- Plan sponsor
- Owen Industries, Inc.
- EIN
- 47-0618875
- Plan number
- 001
- Plan type
- 2
- Location
- Carter Lake, IA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 497 | H, C | 20250415143617NAL0003376785001 |
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)$26.8M total assets
Net assets$26.8MLiabilities$21.1K
Full reported line items
Net assets
- Total assets (EOY)
- $26,772,359
- Total liabilities (EOY)
- $21,114
- Net assets (EOY)
- $26,751,245
- Net assets (BOY)
- $23,371,300
Income & contributions
- Employer contributions
- $648,050
- Participant contributions
- $1,758,812
- Total contributions
- $2,569,494
- Total income / additions
- $6,056,630
Expenses & distributions
- Benefits paid
- $3,594,796
- Administrative expenses
- $106,420
- Total expenses
- $3,701,216
- Net increase / (decrease)
- $2,355,414
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.
27%73%
Employer 27%Participant 73%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income59%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $44,201 | $0 | 2023 |
| Ascensus | CONTRACT ADMINISTRATOR | $27,246 | $11,830 | 2023 |
| Hub Investment Advisors, Inc. | INVESTMENT ADVISORY | $22,861 | $56 | 2023 |
| Ascensus | INVESTMENT ADVISORY | $10,055 | not reported in the loaded dataset | 2023 |
| Wilshire Associates Incorporated | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Owen Industries, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IA
- 401(k) and benefit plan filings in Carter Lake, IA
- Principal Life Insurance Company — Schedule C compensation
- Ascensus — Schedule C compensation
- Hub Investment Advisors, Inc. — Schedule C compensation
- Wilshire Associates Incorporated — Schedule C compensation