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, Magnequench International, Inc. Hourly Pension Plan is a benefit plan reported by Neo Magnequench Distribution, LLC under EIN 81-3516824 and plan number 004. The latest loaded filing year is 2023. The filing reports 262 participants and $5,705,372 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,705,372
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,705,372
- Net assets (BOY)
- $5,394,138
Income & contributions
- Employer contributions
- $121,000
- Total contributions
- $121,000
- Total income / additions
- $791,039
Expenses & distributions
- Benefits paid
- $451,469
- Administrative expenses
- $28,336
- Total expenses
- $479,805
- Net increase / (decrease)
- $311,234