2023 Form 5500 filing — Bearing Technologies, Ltd 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 20240919102301NAL0005991649001) for Bearing Technologies, Ltd 401(K) Profit Sharing Plan, reported by Bearing Technologies, Ltd under EIN 34-1851026 and plan number 001. It reports 162 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240919102301NAL0005991649001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bearing Technologies, Ltd
- EIN
- 34-1851026
- Plan number
- 001
- Location
- Avon, OH
- Participants
- 162
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,292,581
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,292,581
- Employer contributions
- $667,856
- Participant contributions
- $466,663
- Total income / additions
- $3,094,226
- Benefits paid
- $1,058,257
- Administrative expenses
- $14,276
- Total expenses
- $1,076,094
- Net increase / (decrease)
- $2,018,132
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Qualified Pension Consultants, Inc. | CONTRACT ADMIN | $8,615 | not reported in the loaded dataset |
| Ubs Financial Services Inc | RIA, IA | $6,677 | not reported in the loaded dataset |
| John Hancock Life Insurance Company | RECORDKEEPER | $732 | $0 |
| Jpmorgan Invest Holdings LLC | RECORDKEEPER | $375 | $0 |