2023 Form 5500 filing — Bel Fuse, Inc. Employees' 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 20241009151026NAL0037467538001) for Bel Fuse, Inc. Employees' Savings Plan, reported by Bel Fuse Inc. under EIN 22-1463699 and plan number 001. It reports 817 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009151026NAL0037467538001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bel Fuse Inc.
- EIN
- 22-1463699
- Plan number
- 001
- Location
- West Orange, NJ
- Participants
- 817
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $82,013,371
- Total liabilities (EOY)
- $119,551
- Net assets (EOY)
- $81,893,820
- Employer contributions
- $1,231,630
- Participant contributions
- $3,919,032
- Total income / additions
- $26,656,044
- Benefits paid
- $4,291,306
- Administrative expenses
- $89,960
- Total expenses
- $4,381,266
- Net increase / (decrease)
- $22,274,778
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $92,993 | $0 |