2023 Form 5500 filing — Open Loop Energy, Inc. Retirement 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 20241008055620NAL0016221217001) for Open Loop Energy, Inc. Retirement Savings Plan, reported by Open Loop Energy, Inc. under EIN 86-0701324 and plan number 001. It reports 213 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008055620NAL0016221217001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Open Loop Energy, Inc.
- EIN
- 86-0701324
- Plan number
- 001
- Location
- Safford, AZ
- Participants
- 213
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,142,441
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,142,441
- Employer contributions
- $445,852
- Participant contributions
- $884,891
- Total income / additions
- $2,690,014
- Benefits paid
- $1,489,783
- Administrative expenses
- $55,960
- Total expenses
- $1,564,088
- Net increase / (decrease)
- $1,125,926
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $33,871 | $0 |
| Pfg Advisors, LLC | INVESTMENT/FINANCIAL ADVI | $20,326 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |