Oakworks, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Oakworks, 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, Oakworks, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Oakworks, Inc. under EIN 52-1462439 and plan number 001. The latest loaded filing year is 2023. The filing reports 121 participants and $6,054,537 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$6MPlan net assets, end of year$6,035,480
Participants121Covered participants reported
Assets / participant$50KComputed: assets ÷ participants$50,037 (computed)
Provider compensation$33.1K5 Schedule C provider row(s)$33,090
- Plan sponsor
- Oakworks, Inc.
- EIN
- 52-1462439
- Plan number
- 001
- Plan type
- 2
- Location
- New Freedom, PA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 121 | H, C | 20241009115241NAL0018251905001 |
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)$6.1M total assets
Net assets$6MLiabilities$19.1K
Full reported line items
Net assets
- Total assets (EOY)
- $6,054,537
- Total liabilities (EOY)
- $19,057
- Net assets (EOY)
- $6,035,480
- Net assets (BOY)
- $4,933,031
Income & contributions
- Employer contributions
- $170,611
- Participant contributions
- $359,571
- Total contributions
- $625,379
- Total income / additions
- $1,468,995
Expenses & distributions
- Benefits paid
- $333,124
- Administrative expenses
- $28,718
- Total expenses
- $366,546
- Net increase / (decrease)
- $1,102,449
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.
32%68%
Employer 32%Participant 68%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income23%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Rbc Capital Markets LLC | INVESTMENT ADVISOR | $13,421 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $12,458 | $0 | 2023 |
| Pa Retirement Solutions Inc | CONTRACT ADMIN | $0 | $4,372 | 2023 |
| Leafhouse Financial Advisors, LLC | INVESTMENT ADVISOR | $2,317 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $522 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Oakworks, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in New Freedom, PA
- Rbc Capital Markets LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation
- Pa Retirement Solutions Inc — Schedule C compensation
- Leafhouse Financial Advisors, LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation