2023 Form 5500 filing — Balance Technology, Inc. 401(K) 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 20241008141141NAL0008441715001) for Balance Technology, Inc. 401(K) Plan, reported by Balance Technology, Inc. under EIN 38-2822225 and plan number 001. It reports 163 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008141141NAL0008441715001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Balance Technology, Inc.
- EIN
- 38-2822225
- Plan number
- 001
- Location
- Whitmore Lake, MI
- Participants
- 163
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,120,638
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,120,638
- Employer contributions
- $131,531
- Participant contributions
- $613,924
- Total income / additions
- $3,824,242
- Benefits paid
- $1,949,185
- Administrative expenses
- $58,490
- Total expenses
- $2,007,675
- Net increase / (decrease)
- $1,816,567
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capfinancial Partners | INVESTMENT ADVISORY | $77,376 | not reported in the loaded dataset |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $28,799 | $0 |