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, King Machine Of Charlotte 401(K) Plan is a benefit plan reported by Micron Precision, LLC under EIN 56-1892737 and plan number 001. The latest loaded filing year is 2023. The filing reports 225 participants and $10,378,772 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,378,772
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,378,772
- Net assets (BOY)
- $8,860,581
Income & contributions
- Employer contributions
- $355,149
- Participant contributions
- $742,210
- Total contributions
- $1,162,168
- Total income / additions
- $3,059,081
Expenses & distributions
- Benefits paid
- $1,526,180
- Administrative expenses
- $14,483
- Total expenses
- $1,540,890
- Net increase / (decrease)
- $1,518,191