Planet Technologies 401(K) Plan — Form 5500 plan (Planet Technologies, 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, Planet Technologies 401(K) Plan is a benefit plan reported by Planet Technologies, Inc. under EIN 52-2062401 and plan number 001. The latest loaded filing year is 2023. The filing reports 386 participants and $19,718,841 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Planet Technologies, Inc.
EIN
52-2062401
Plan number
001
Plan type
2
Location
Gaithersburg, MD
Latest filing year
2023
Participants
386
End-of-year plan assets
$19,718,841

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023386H, C20240916132506NAL0001535537001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$19,718,841
Total liabilities (EOY)
$0
Net assets (EOY)
$19,718,841
Net assets (BOY)
$13,118,405

Income & contributions

Employer contributions
$635,693
Participant contributions
$2,960,999
Total contributions
$4,752,553
Total income / additions
$7,611,969

Expenses & distributions

Benefits paid
$956,178
Administrative expenses
$55,355
Total expenses
$1,011,533
Net increase / (decrease)
$6,600,436

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Newport Group, Inc.RECORDKEEPER$32,223$02023
Pnc Institutional Asset ManagementADVISOR$18,493not reported in the loaded dataset2023

Related Form 5500 pages