2023 Form 5500 filing — Prab, Inc. Salaried Employees Profit Sharing 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 20241010102120NAL0035442736001) for Prab, Inc. Salaried Employees Profit Sharing Plan, reported by Prab, Inc. under EIN 38-1654849 and plan number 004. It reports 230 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010102120NAL0035442736001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Prab, Inc.
- EIN
- 38-1654849
- Plan number
- 004
- Location
- Kalamazoo, MI
- Participants
- 230
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,357,188
- Net assets (EOY)
- $26,357,188
- Employer contributions
- $858,291
- Participant contributions
- $998,546
- Total income / additions
- $7,769,913
- Benefits paid
- $2,189,305
- Administrative expenses
- $11,529
- Total expenses
- $2,245,078
- Net increase / (decrease)
- $5,524,835
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Michigan Benefit Consulting, Inc. | THIRD PARTY ADMINISTRATOR | $8,334 | $10,943 |