2023 Form 5500 filing — American Battery Solutions 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 20241011142358NAL0038998032001) for American Battery Solutions 401(K) Plan, reported by American Battery Solutions, Inc. under EIN 83-3191953 and plan number 001. It reports 246 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011142358NAL0038998032001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- American Battery Solutions, Inc.
- EIN
- 83-3191953
- Plan number
- 001
- Location
- Lake Orion, MI
- Participants
- 246
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,458,808
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,458,808
- Employer contributions
- $967,866
- Participant contributions
- $2,471,282
- Total income / additions
- $5,503,098
- Benefits paid
- $568,810
- Administrative expenses
- $37,634
- Total expenses
- $607,718
- Net increase / (decrease)
- $4,895,380
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Channel Wealth, LLC | INVESTMENT ADVISORY | $13,514 | $0 |
| John Hancock Life Insurance Company | NONE | $11,833 | $0 |
| Economic Group Pension Services | TPA | $8,360 | $0 |
| Wilshire Associates, Inc. | INVESTMENT ADVISORY | $3,927 | $0 |