2023 Form 5500 filing — Drax Biomass Inc. 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 20240808085059NAL0004728129001) for Drax Biomass Inc. 401(K) Plan, reported by Drax Biomass Inc. under EIN 99-0371042 and plan number 001. It reports 323 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240808085059NAL0004728129001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Drax Biomass Inc.
- EIN
- 99-0371042
- Plan number
- 001
- Location
- Monroe, LA
- Participants
- 323
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,775,655
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,775,655
- Employer contributions
- $1,484,555
- Participant contributions
- $1,871,576
- Total income / additions
- $7,581,907
- Benefits paid
- $1,538,811
- Administrative expenses
- $33,170
- Total expenses
- $1,598,345
- Net increase / (decrease)
- $5,983,562
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $28,058 | $0 |
| Strategic Advisors, Inc. | ADVISOR | $5,112 | not reported in the loaded dataset |