Charles Products Inc. 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Charles 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, Charles Products Inc. 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Charles Products Inc. under EIN 83-2466543 and plan number 001. The latest loaded filing year is 2023. The filing reports 184 participants and $5,688,887 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Charles Products Inc.
- EIN
- 83-2466543
- Plan number
- 001
- Plan type
- 2
- Location
- Rockville, MD
- Latest filing year
- 2023
- Participants
- 184
- End-of-year plan assets
- $5,688,887
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 184 | H, C | 20241101141830NAL0003185825001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,688,887
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,688,887
- Net assets (BOY)
- $5,124,876
Income & contributions
- Employer contributions
- $215,398
- Participant contributions
- $503,640
- Total contributions
- $1,024,458
- Total income / additions
- $1,626,572
Expenses & distributions
- Benefits paid
- $1,024,792
- Administrative expenses
- $37,769
- Total expenses
- $1,062,561
- Net increase / (decrease)
- $564,011
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $29,648 | $0 | 2023 |
| Orenda Retirement, LLC | CONTRACT ADMINISTRATOR | $8,125 | $21,048 | 2023 |