2023 Form 5500 filing — Danfoss Usa 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 20241007104542NAL0008799043001) for Danfoss Usa Savings Plan, reported by Danfoss Power Solutions Us Company under EIN 42-1345015 and plan number 003. It reports 4,456 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007104542NAL0008799043001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Danfoss Power Solutions Us Company
- EIN
- 42-1345015
- Plan number
- 003
- Location
- Ames, IA
- Participants
- 4,456
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $506,977,644
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $506,977,644
- Employer contributions
- $16,644,821
- Participant contributions
- $24,000,407
- Total income / additions
- $120,815,751
- Benefits paid
- $40,314,447
- Administrative expenses
- $430,447
- Total expenses
- $40,905,069
- Net increase / (decrease)
- $79,910,682
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | NONE | $328,784 | $0 |
| Empower Advisory Group, LLC | NONE | $101,663 | not reported in the loaded dataset |