Industrial Turnaround Corporation 401(K)Plan — Form 5500 plan (Industrial Turnaround Corporation)
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, Industrial Turnaround Corporation 401(K)Plan is a benefit plan reported by Industrial Turnaround Corporation under EIN 54-1453225 and plan number 001. The latest loaded filing year is 2023. The filing reports 620 participants and $50,065,018 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Industrial Turnaround Corporation
- EIN
- 54-1453225
- Plan number
- 001
- Plan type
- 2
- Location
- Chester, VA
- Latest filing year
- 2023
- Participants
- 620
- End-of-year plan assets
- $50,065,018
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 620 | H, C | 20241015102320NAL0016137011001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $50,065,018
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $50,065,018
- Net assets (BOY)
- $42,974,452
Income & contributions
- Participant contributions
- $3,749,003
- Total contributions
- $3,928,414
- Total income / additions
- $10,989,423
Expenses & distributions
- Benefits paid
- $3,779,606
- Administrative expenses
- $119,251
- Total expenses
- $3,898,857
- Net increase / (decrease)
- $7,090,566
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $119,251 | $0 | 2023 |
| Nfp Retirement, Inc. | INVESTMENT MANAGEMENT | $0 | $32,143 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Industrial Turnaround Corporation
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Chester, VA
- Principal Life Insurance Company — Schedule C compensation
- Nfp Retirement, Inc. — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation