Drax Biomass Inc. 401(K) Plan — Form 5500 plan (Drax Biomass 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, Drax Biomass Inc. 401(K) Plan is a benefit plan reported by Drax Biomass Inc. under EIN 99-0371042 and plan number 001. The latest loaded filing year is 2023. The filing reports 323 participants and $16,775,655 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Drax Biomass Inc.
- EIN
- 99-0371042
- Plan number
- 001
- Plan type
- 2
- Location
- Monroe, LA
- Latest filing year
- 2023
- Participants
- 323
- End-of-year plan assets
- $16,775,655
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 323 | H, C | 20240808085059NAL0004728129001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,775,655
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,775,655
- Net assets (BOY)
- $10,792,093
Income & contributions
- Employer contributions
- $1,484,555
- Participant contributions
- $1,871,576
- Total contributions
- $5,154,973
- Total income / additions
- $7,581,907
Expenses & distributions
- Benefits paid
- $1,538,811
- Administrative expenses
- $33,170
- Total expenses
- $1,598,345
- Net increase / (decrease)
- $5,983,562
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $28,058 | $0 | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $5,112 | not reported in the loaded dataset | 2023 |