Audio Technica U.S., Inc. Profit Sharing Plan — Form 5500 plan (Audio Technica U.S., 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, Audio Technica U.S., Inc. Profit Sharing Plan is a benefit plan reported by Audio Technica U.S., Inc under EIN 59-1954653 and plan number 001. The latest loaded filing year is 2023. The filing reports 132 participants and $18,881,700 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$18.9MPlan net assets, end of year$18,881,700
Participants132Covered participants reported
Assets / participant$143KComputed: assets ÷ participants$143,043 (computed)
Provider compensation$83K3 Schedule C provider row(s)$83,004
Plan sponsor
Audio Technica U.S., Inc
EIN
59-1954653
Plan number
001
Plan type
2
Location
Stow, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023132H, C20250115092841NAL0043621698001
Schedule H · 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)$18.9M total assets
Net assets$18.9MLiabilities
Money in vs. money out
Total income / additions$4M
Total expenses$997.1K
Benefits paid / distributions$914.1K
Contributions
Employer$759.6K
Participant$751K
Full reported line items

Net assets

Total assets (EOY)
$18,881,700
Net assets (EOY)
$18,881,700
Net assets (BOY)
$15,865,158

Income & contributions

Employer contributions
$759,598
Participant contributions
$751,050
Total contributions
$1,621,691
Total income / additions
$4,013,624

Expenses & distributions

Benefits paid
$914,078
Administrative expenses
$83,004
Total expenses
$997,082
Net increase / (decrease)
$3,016,542
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 50%Participant 50%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income23%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Morgan StanleyRETAINED BY PLAN SPONSOR$40,032not reported in the loaded dataset2023
John Hancock Retirement Plan ServicRETAINED BY PLAN SPONSOR$30,162$02023
Definiti LLCRETAINED BY PLAN$12,810not reported in the loaded dataset2023

Related Form 5500 pages