2023 Form 5500 filing — Thorworks Industries, Inc. 401k Profit Sharing Plan & Trust
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 20241004053324NAL0011764081001) for Thorworks Industries, Inc. 401k Profit Sharing Plan & Trust, reported by Thorworks Industries, Inc. under EIN 41-1529458 and plan number 333. It reports 415 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004053324NAL0011764081001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Thorworks Industries, Inc.
- EIN
- 41-1529458
- Plan number
- 333
- Location
- Sandusky, OH
- Participants
- 415
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,659,010
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,659,010
- Employer contributions
- $212,358
- Participant contributions
- $777,759
- Total income / additions
- $2,317,233
- Benefits paid
- $2,042,118
- Administrative expenses
- $40,624
- Total expenses
- $2,115,755
- Net increase / (decrease)
- $201,478
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Morgan Stanley Smith Barney | INVESTMENT/FINANCIAL ADVI | $21,618 | $0 |
| Adp, Inc. | RECORD KEEPER | $19,005 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |