2023 Form 5500 filing — Microtek 401k Profit Sharing 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 20240613102515NAL0054076992001) for Microtek 401k Profit Sharing Plan, reported by Microtek, Inc. under EIN 04-2775290 and plan number 002. It reports 111 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240613102515NAL0054076992001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Microtek, Inc.
- EIN
- 04-2775290
- Plan number
- 002
- Location
- Chicopee, MA
- Participants
- 111
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,011,767
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,011,767
- Employer contributions
- $107,002
- Participant contributions
- $227,621
- Total income / additions
- $858,482
- Benefits paid
- $551,666
- Administrative expenses
- $39,456
- Total expenses
- $591,122
- Net increase / (decrease)
- $267,360
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $29,625 | $0 |
| Commonwealth Financial Network | INVESTMENT ADVISOR | $8,527 | not reported in the loaded dataset |
| The Angell Pension Group, Inc. | THIRD PARTY ADMINISTRATO | $983 | $2,994 |