Formetco, LLC Employee Health Benefit Plan — Form 5500 plan (Formetco, LLC)

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, Formetco, LLC Employee Health Benefit Plan is a benefit plan reported by Formetco, LLC under EIN 58-1036723 and plan number 501. The latest loaded filing year is 2023. The filing reports 107 participants and $5,000 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5KPlan net assets, end of year$5,000
Participants107Covered participants reported
Assets / participant$47Computed: assets ÷ participants$47 (computed)
Provider compensationNone reported
Plan sponsor
Formetco, LLC
EIN
58-1036723
Plan number
501
Plan type
2
Location
Duluth, GA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023107I20240730131616NAL0031772000004
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)$5K total assets
Net assets$5KLiabilities
Money in vs. money out
Total income / additions$1.1M
Total expenses$1.1M
Benefits paid / distributions$968.4K
Contributions
Employer$830.8K
Participant$304K
Full reported line items

Net assets

Total assets (EOY)
$5,000
Net assets (EOY)
$5,000
Net assets (BOY)
$9,850

Income & contributions

Employer contributions
$830,815
Participant contributions
$304,015
Total income / additions
$1,134,830

Expenses & distributions

Benefits paid
$968,399
Administrative expenses
$171,281
Total expenses
$1,139,680
Net increase / (decrease)
-$4,850
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)
Employer 73%Participant 27%
Total expenses ÷ net assets22794%Computed ratio
Benefits paid ÷ total income85%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages