2023 Form 5500 filing — Astec Industries, Inc. 401(K) Retirement 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 20240924165719NAL0013088641001) for Astec Industries, Inc. 401(K) Retirement Plan, reported by Astec Industries, Inc. under EIN 62-0873631 and plan number 001. It reports 4,442 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924165719NAL0013088641001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Astec Industries, Inc.
- EIN
- 62-0873631
- Plan number
- 001
- Location
- Chattanooga, TN
- Participants
- 4,442
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $317,889,492
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $317,889,492
- Employer contributions
- $7,826,623
- Participant contributions
- $20,720,684
- Total income / additions
- $75,901,134
- Benefits paid
- $35,656,784
- Administrative expenses
- $638,763
- Total expenses
- $36,403,748
- Net increase / (decrease)
- $39,497,386
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | NONE | $290,662 | $0 |
| Empower Advisory Group, LLC | NONE | $281,336 | not reported in the loaded dataset |
| Osaic Wealth Inc | NONE | $54,950 | not reported in the loaded dataset |
| Qdro Consultants | NONE | $900 | not reported in the loaded dataset |