2023 Form 5500 filing — Magnetic Shield Corporation 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 20240828144638NAL0012264449001) for Magnetic Shield Corporation Profit Sharing Plan, reported by Magnetic Shield Corporation under EIN 36-1615298 and plan number 001. It reports 21 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials).
- EFAST2 acknowledgement
- 20240828144638NAL0012264449001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magnetic Shield Corporation
- EIN
- 36-1615298
- Plan number
- 001
- Location
- Bensenville, IL
- Participants
- 21
- Schedules available
- Schedule I
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,234,676
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,234,676
- Employer contributions
- $270,522
- Participant contributions
- $146,567
- Total income / additions
- $1,635,428
- Benefits paid
- $107,916
- Administrative expenses
- $14,152
- Total expenses
- $122,068
- Net increase / (decrease)
- $1,513,360
- Schedule source
- Schedule I