2023 Form 5500 filing — Okay Industries, Inc. 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 20240729082130NAL0012327203001) for Okay Industries, Inc. Profit Sharing 401(K) Plan, reported by Okay Industries, Inc. under EIN 06-1290195 and plan number 001. It reports 356 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240729082130NAL0012327203001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Okay Industries, Inc.
- EIN
- 06-1290195
- Plan number
- 001
- Location
- New Britain, CT
- Participants
- 356
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,529,335
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,529,335
- Employer contributions
- $572,305
- Participant contributions
- $1,075,263
- Total income / additions
- $4,891,668
- Benefits paid
- $2,906,356
- Administrative expenses
- $136,300
- Total expenses
- $3,042,656
- Net increase / (decrease)
- $1,849,012
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Advisory Group, LLC | INVESTMENT MGMT | $69,804 | not reported in the loaded dataset |
| The Patriot Financial Group | BROKER | $24,699 | not reported in the loaded dataset |
| Pension Consultants | CONTRACT ADMIN | $22,975 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $18,822 | not reported in the loaded dataset |