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, Bmw Northwest 401(K) Plan is a benefit plan reported by Scharmach Enterprises, Inc. Dba Bmw Northwest under EIN 91-0956779 and plan number 001. The latest loaded filing year is 2023. The filing reports 220 participants and $11,003,797 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,003,797
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,003,797
- Net assets (BOY)
- $9,572,795
Income & contributions
- Employer contributions
- $313,168
- Participant contributions
- $486,090
- Total contributions
- $860,951
- Total income / additions
- $2,477,933
Expenses & distributions
- Benefits paid
- $1,015,812
- Administrative expenses
- $31,119
- Total expenses
- $1,046,931
- Net increase / (decrease)
- $1,431,002