2023 Form 5500 filing — Rapid-Line, Inc. Employee Stock Ownership And Savings 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 20240903143531NAL0010604147001) for Rapid-Line, Inc. Employee Stock Ownership And Savings Plan, reported by Rapid-Line, Inc. under EIN 38-2853756 and plan number 001. It reports 183 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240903143531NAL0010604147001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Rapid-Line, Inc.
- EIN
- 38-2853756
- Plan number
- 001
- Location
- Grand Rapids, MI
- Participants
- 183
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,692,952
- Total liabilities (EOY)
- $4,343,025
- Net assets (EOY)
- $8,349,927
- Employer contributions
- $708,025
- Participant contributions
- $364,948
- Total income / additions
- $2,390,406
- Benefits paid
- $1,268,011
- Administrative expenses
- $23,322
- Total expenses
- $1,393,277
- Net increase / (decrease)
- $997,129
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $23,238 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |