Plan5500

Westone Laboratories, Inc. 401(K) And Profit Sharing Plan — Form 5500 plan (Westone Laboratories, 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, Westone Laboratories, Inc. 401(K) And Profit Sharing Plan is a benefit plan reported by Westone Laboratories, Inc. under EIN 84-0569324 and plan number 001. The latest loaded filing year is 2023. The filing reports 160 participants and $2,484,912 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.5MPlan net assets, end of year$2,484,912
Participants160Covered participants reported
Assets / participant$15.5KComputed: assets ÷ participants$15,531 (computed)
Provider compensation$19.5K3 Schedule C provider row(s)$19,479
Plan sponsor
Westone Laboratories, Inc.
EIN
84-0569324
Plan number
001
Plan type
2
Location
Colorado Springs, CO
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    160 participants · 2Sch HSch C
    View filing →
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)$2.5M total assets
Net assets$2.5MLiabilities$0
Money in vs. money out
Total income / additions$605.7K
Total expenses$220.9K
Benefits paid / distributions$201.4K
Contributions
Employer$54.4K
Participant$204.8K
Full reported line items

Net assets

Total assets (EOY)
$2,484,912
Total liabilities (EOY)
$0
Net assets (EOY)
$2,484,912
Net assets (BOY)
$2,100,031

Income & contributions

Employer contributions
$54,446
Participant contributions
$204,780
Total contributions
$306,366
Total income / additions
$605,739

Expenses & distributions

Benefits paid
$201,379
Administrative expenses
$19,479
Total expenses
$220,858
Net increase / (decrease)
$384,881
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 21%Participant 79%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income33%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Empower Annuity Insurance Company$12.5K
    RECORDKEEPER · Direct $12.5K · Indirect $0
  2. 2
    Kestra Advisory Services LLC$6.4K
    INVESTMENT ADVISOR · Direct $6.4K
  3. 3
    Empower Advisory Group, LLC$630
    INVESTMENT MGMT · Direct $630

What to inspect next

Frequently asked questions

Who sponsors the Westone Laboratories, Inc. 401(K) And Profit Sharing Plan?
Westone Laboratories, Inc. 401(K) And Profit Sharing Plan is reported as sponsored by Westone Laboratories, Inc. (EIN 84-0569324, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Westone Laboratories, Inc. 401(K) And Profit Sharing Plan?
The latest Form 5500 filing year loaded for Westone Laboratories, Inc. 401(K) And Profit Sharing Plan is 2023.
How many participants does Westone Laboratories, Inc. 401(K) And Profit Sharing Plan report?
Westone Laboratories, Inc. 401(K) And Profit Sharing Plan reports 160 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Westone Laboratories, Inc. 401(K) And Profit Sharing Plan?
Westone Laboratories, Inc. 401(K) And Profit Sharing Plan reports $2,484,912 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages