American Battery Solutions 401(K) Plan — Form 5500 plan (American Battery Solutions, 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, American Battery Solutions 401(K) Plan is a benefit plan reported by American Battery Solutions, Inc. under EIN 83-3191953 and plan number 001. The latest loaded filing year is 2023. The filing reports 246 participants and $10,458,808 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$10.5MPlan net assets, end of year$10,458,808
Participants246Covered participants reported
Assets / participant$42.5KComputed: assets ÷ participants$42,515 (computed)
Provider compensation$37.6K4 Schedule C provider row(s)$37,634
- Plan sponsor
- American Battery Solutions, Inc.
- EIN
- 83-3191953
- Plan number
- 001
- Plan type
- 2
- Location
- Lake Orion, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 246 | H, C | 20241011142358NAL0038998032001 |
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)$10.5M total assets
Net assets$10.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $10,458,808
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,458,808
- Net assets (BOY)
- $5,705,715
Income & contributions
- Employer contributions
- $967,866
- Participant contributions
- $2,471,282
- Total contributions
- $4,232,719
- Total income / additions
- $5,503,098
Expenses & distributions
- Benefits paid
- $568,810
- Administrative expenses
- $37,634
- Total expenses
- $607,718
- Net increase / (decrease)
- $4,895,380
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.
28%72%
Employer 28%Participant 72%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income10%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Channel Wealth, LLC | INVESTMENT ADVISORY | $13,514 | $0 | 2023 |
| John Hancock Life Insurance Company | NONE | $11,833 | $0 | 2023 |
| Economic Group Pension Services | TPA | $8,360 | $0 | 2023 |
| Wilshire Associates, Inc. | INVESTMENT ADVISORY | $3,927 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for American Battery Solutions, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Lake Orion, MI
- Channel Wealth, LLC — Schedule C compensation
- John Hancock Life Insurance Company — Schedule C compensation
- Economic Group Pension Services — Schedule C compensation
- Wilshire Associates, Inc. — Schedule C compensation