2023 Form 5500 filing — Professional Electric Products Co., Inc 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 20240805092043NAL0000961825001) for Professional Electric Products Co., Inc 401k Profit Sharing Plan, reported by Professional Electric Products Co. under EIN 34-1018087 and plan number 002. It reports 209 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240805092043NAL0000961825001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Professional Electric Products Co.
- EIN
- 34-1018087
- Plan number
- 002
- Location
- Eastlake, OH
- Participants
- 209
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Employer contributions
- $651,020
- Participant contributions
- $465,530
- Total income / additions
- $2,398,948
- Benefits paid
- $4,475,854
- Administrative expenses
- $100,812
- Total expenses
- $4,576,666
- Net increase / (decrease)
- -$2,177,718
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Moskal Gross Orchosky Inc. | THIRD PARTY ADMINISTRATO | $39,545 | $6,231 |
| Nationwide | CUSTODIAN/RECORDKEEPER | $23,906 | $11,632 |
| Mgo Investment Advisors Inc. | INVESTMENT ADVISOR | $33,233 | not reported in the loaded dataset |