Climax Portable Machine Tools, Inc. Employee Savings Plan — Form 5500 plan (Climax Portable Machine Tools, 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, Climax Portable Machine Tools, Inc. Employee Savings Plan is a benefit plan reported by Climax Portable Machine Tools, Inc. under EIN 93-0553883 and plan number 002. The latest loaded filing year is 2023. The filing reports 217 participants and $16,260,279 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Climax Portable Machine Tools, Inc.
- EIN
- 93-0553883
- Plan number
- 002
- Plan type
- 2
- Location
- Newberg, OR
- Latest filing year
- 2023
- Participants
- 217
- End-of-year plan assets
- $16,260,279
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 217 | H, C | 20241004121008NAL0012196833001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,260,279
- Total liabilities (EOY)
- $21,695
- Net assets (EOY)
- $16,238,584
- Net assets (BOY)
- $13,558,288
Income & contributions
- Employer contributions
- $288,379
- Participant contributions
- $893,956
- Total contributions
- $1,731,843
- Total income / additions
- $3,826,355
Expenses & distributions
- Benefits paid
- $1,014,577
- Administrative expenses
- $131,482
- Total expenses
- $1,146,059
- Net increase / (decrease)
- $2,680,296
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $39,101 | $0 | 2023 |
| Geffen Mesher And Co., P.C. | AUDITOR | $36,000 | not reported in the loaded dataset | 2023 |
| Wells Fargo Advisors LLC | INVESTMENT ADVISOR | $35,032 | not reported in the loaded dataset | 2023 |
| Pension Plan Specialists | TPA | $10,202 | $5,000 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $11,285 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Climax Portable Machine Tools, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in OR
- 401(k) and benefit plan filings in Newberg, OR
- Empower Annuity Insurance Company O — Schedule C compensation
- Geffen Mesher And Co., P.C. — Schedule C compensation
- Wells Fargo Advisors LLC — Schedule C compensation
- Pension Plan Specialists — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation