M.B. Haynes 401(K) Plan — Form 5500 plan (M.B. Haynes 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, M.B. Haynes 401(K) Plan is a benefit plan reported by M.B. Haynes Corporation under EIN 56-0506077 and plan number 001. The latest loaded filing year is 2023. The filing reports 686 participants and $34,214,717 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- M.B. Haynes Corporation
- EIN
- 56-0506077
- Plan number
- 001
- Plan type
- 2
- Location
- Asheville, NC
- Latest filing year
- 2023
- Participants
- 686
- End-of-year plan assets
- $34,214,717
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 686 | H, C | 20250115150746NAL0012804451001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $34,214,717
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $34,214,717
- Net assets (BOY)
- $29,772,047
Income & contributions
- Employer contributions
- $297,208
- Participant contributions
- $2,556,889
- Total contributions
- $3,719,715
- Total income / additions
- $9,064,217
Expenses & distributions
- Benefits paid
- $4,507,037
- Administrative expenses
- $100,290
- Total expenses
- $4,621,547
- Net increase / (decrease)
- $4,442,670
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $100,289 | $0 | 2023 |
| Colton Groome Financial Advisors, L | INVESTMENT ADVISORY | $0 | $48,000 | 2023 |