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, Olsson Industrial Electric, Inc. Profit Sharing And 401(K) Plan is a benefit plan reported by Olsson Industrial Electric, Inc. under EIN 93-0826848 and plan number 001. The latest loaded filing year is 2023. The filing reports 407 participants and $42,172,790 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $42,172,790
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $42,172,790
- Net assets (BOY)
- $33,670,785
Income & contributions
- Employer contributions
- $4,398,344
- Participant contributions
- $2,670,013
- Total contributions
- $7,383,610
- Total income / additions
- $12,461,755
Expenses & distributions
- Benefits paid
- $3,825,830
- Administrative expenses
- $127,042
- Total expenses
- $3,959,750
- Net increase / (decrease)
- $8,502,005