2023 Form 5500 filing — Danfoss Power Solutions Employees' Retirement 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 20241010153638NAL0041365250001) for Danfoss Power Solutions Employees' Retirement Plan, reported by Danfoss Power Solutions Us Company under EIN 42-1345015 and plan number 001. It reports 3,147 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010153638NAL0041365250001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Danfoss Power Solutions Us Company
- EIN
- 42-1345015
- Plan number
- 001
- Location
- Ames, IA
- Participants
- 3,147
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $153,366,011
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $153,366,011
- Employer contributions
- $3,500,000
- Total income / additions
- $17,240,627
- Benefits paid
- $9,260,019
- Administrative expenses
- $1,053,836
- Total expenses
- $10,313,855
- Net increase / (decrease)
- $6,926,772
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Sei Investments Company | NONE | $289,029 | $0 |
| State Street Bank And Trust | NONE | $70,166 | $0 |