2023 Form 5500 filing — Advanced Process Technologies, Inc. 401(K) 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 20240820104753NAL0005693554001) for Advanced Process Technologies, Inc. 401(K) Profit Sharing Plan, reported by Advanced Process Technologies, Inc. under EIN 42-1497050 and plan number 001. It reports 174 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240820104753NAL0005693554001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Advanced Process Technologies, Inc.
- EIN
- 42-1497050
- Plan number
- 001
- Location
- Cokato, MN
- Participants
- 174
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,094,100
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,094,100
- Employer contributions
- $430,094
- Participant contributions
- $969,573
- Total income / additions
- $4,287,600
- Benefits paid
- $442,512
- Administrative expenses
- $60,251
- Total expenses
- $502,763
- Net increase / (decrease)
- $3,784,837
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Valmark Advisers, Inc. | INVESTMENT ADVISOR | $35,564 | not reported in the loaded dataset |
| John Hancock Usa | RECORDKEEPER | $0 | $0 |