Who sponsors the Plastic Products, Inc. 401(K) Profit Sharing Plan?

Plastic Products, Inc. 401(K) Profit Sharing Plan is reported as sponsored by Plastic Products, Inc. (EIN 56-0897565, plan number 002) in public Form 5500 filings.

What is the most recent Form 5500 filing year for Plastic Products, Inc. 401(K) Profit Sharing Plan?

The latest Form 5500 filing year loaded for Plastic Products, Inc. 401(K) Profit Sharing Plan is 2023.

How many participants does Plastic Products, Inc. 401(K) Profit Sharing Plan report?

Plastic Products, Inc. 401(K) Profit Sharing Plan reports 56 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for Plastic Products, Inc. 401(K) Profit Sharing Plan?

Plastic Products, Inc. 401(K) Profit Sharing Plan reports $8,487,273 in end-of-year plan assets in its latest loaded Form 5500 filing.

Plastic Products, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Plastic Products, 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, Plastic Products, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Plastic Products, Inc. under EIN 56-0897565 and plan number 002. The latest loaded filing year is 2023. The filing reports 56 participants and $8,487,273 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8.5MPlan net assets, end of year$8,487,273

Participants56Covered participants reported

Assets / participant$151.6KComputed: assets ÷ participants$151,558 (computed)

Provider compensationNone reported

Plan sponsor: Plastic Products, Inc.
EIN: 56-0897565
Plan number: 002
Plan type: 2
Location: Kings Mountain, NC
Latest filing year: 2023

How to read this plan profile

Net assets = total assets minus total liabilities, end of year (Schedule H/I).
Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
Schedule chips (Sch H / I / C) show which schedules each filing includes.
Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.

EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

2023
56 participants · 2Sch I
View filing →

Schedule I · 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)$8.5M total assets

Net assets$8.5MLiabilities$0

Money in vs. money out

Total income / additions$2.5M

Total expenses$843.8K

Benefits paid / distributions$822.5K

Contributions

Employer$115K

Participant$227K

Full reported line items

Net assets

Total assets (EOY): $8,487,273
Total liabilities (EOY): $0
Net assets (EOY): $8,487,273
Net assets (BOY): $6,829,579

Income & contributions

Employer contributions: $114,989
Participant contributions: $226,988
Total income / additions: $2,501,493

Expenses & distributions

Benefits paid: $822,509
Administrative expenses: $21,290
Total expenses: $843,799
Net increase / (decrease): $1,657,694

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.

Contribution share (employer vs. participant)

34%66%

Employer 34%Participant 66%

Total expenses ÷ net assets10%Computed ratio

Benefits paid ÷ total income33%Computed ratio

Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

No Schedule C service provider compensation is loaded for this plan yet.

What to inspect next

Frequently asked questions

Who sponsors the Plastic Products, Inc. 401(K) Profit Sharing Plan?: Plastic Products, Inc. 401(K) Profit Sharing Plan is reported as sponsored by Plastic Products, Inc. (EIN 56-0897565, plan number 002) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Plastic Products, Inc. 401(K) Profit Sharing Plan?: The latest Form 5500 filing year loaded for Plastic Products, Inc. 401(K) Profit Sharing Plan is 2023.
How many participants does Plastic Products, Inc. 401(K) Profit Sharing Plan report?: Plastic Products, Inc. 401(K) Profit Sharing Plan reports 56 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Plastic Products, Inc. 401(K) Profit Sharing Plan?: Plastic Products, Inc. 401(K) Profit Sharing Plan reports $8,487,273 in end-of-year plan assets in its latest loaded Form 5500 filing.

Form 5500 terms, in plain English

Form 5500: The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H: The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I: The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C: Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets: Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions: Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.