2023 Form 5500 filing — Ormet Corporation Hourly Retiree Group Benefit 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 20241008121917NAL0009629251004) for Ormet Corporation Hourly Retiree Group Benefit Plan, reported by Ormet Corporation Hourly Retiree Benefit Trust under EIN 83-0430487 and plan number 501. It reports 967 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008121917NAL0009629251004
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ormet Corporation Hourly Retiree Benefit Trust
- EIN
- 83-0430487
- Plan number
- 501
- Location
- Pittsburgh, PA
- Participants
- 967
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $43,386,361
- Net assets (EOY)
- $43,386,361
- Participant contributions
- $1,724,753
- Total income / additions
- $6,826,584
- Benefits paid
- $4,410,648
- Administrative expenses
- $346,595
- Total expenses
- $4,757,243
- Net increase / (decrease)
- $2,069,341
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pnc Bank | TRUSTEE/CUSTODIAN | $163,922 | $0 |
| Central Data Services, Inc. | PLAN ADMINISTRATOR | $108,000 | not reported in the loaded dataset |
| Buck Global, LLC | PLAN ACTUARY/CONSULTANT | $23,952 | not reported in the loaded dataset |
| Schneider Downs & Co., Inc. | PLAN AUDITOR | $23,915 | not reported in the loaded dataset |
| Marsh Usa, Inc. | INSURANCE PROVIDER | $18,825 | not reported in the loaded dataset |