2023 Form 5500 filing — Lorensen Enterprises Inc. 401(K) Psp & Trust
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 20240813080757NAL0017885920001) for Lorensen Enterprises Inc. 401(K) Psp & Trust, reported by Lorensen Enterprises Inc. under EIN 06-1247940 and plan number 001. It reports 225 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240813080757NAL0017885920001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lorensen Enterprises Inc.
- EIN
- 06-1247940
- Plan number
- 001
- Location
- Westbrook, CT
- Participants
- 225
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,718,822
- Total liabilities (EOY)
- $28,431
- Net assets (EOY)
- $8,690,391
- Employer contributions
- $70,835
- Participant contributions
- $695,597
- Total income / additions
- $1,895,065
- Benefits paid
- $830,059
- Administrative expenses
- $55,322
- Total expenses
- $885,381
- Net increase / (decrease)
- $1,009,684
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Sullivan Financial LLC | ADVISOR | $28,101 | not reported in the loaded dataset |
| Symmetry Partners LLC | ADVISOR | $19,658 | not reported in the loaded dataset |
| Alerus Financial, N.A. | TPA | $7,568 | not reported in the loaded dataset |