2023 Form 5500 filing — Dynalec Corporation Profit Sharing 401(K) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240502120952NAL0019025763001) for Dynalec Corporation Profit Sharing 401(K) Plan, reported by Dynalec Corporation under EIN 16-0843235 and plan number 001. It reports 105 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240502120952NAL0019025763001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Dynalec Corporation
- EIN
- 16-0843235
- Plan number
- 001
- Location
- Sodus, NY
- Participants
- 105
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $25,511,027
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,511,027
- Employer contributions
- $268,587
- Participant contributions
- $469,496
- Total income / additions
- $5,468,403
- Benefits paid
- $529,284
- Administrative expenses
- $92,047
- Total expenses
- $621,331
- Net increase / (decrease)
- $4,847,072
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wealth Enhancement Advisory Service | INVESTMENT ADVISORY | $42,056 | not reported in the loaded dataset |
| Transamerica Retirement Solutions | RECORDKEEPER | $14,743 | $0 |
| Flaherty Salmin, Llp | ACCOUNTANT | $13,650 | not reported in the loaded dataset |