2023 Form 5500 filing — Weg Electric Corp. Retirement Readiness 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 20241014070032NAL0026738049001) for Weg Electric Corp. Retirement Readiness 401(K) Plan, reported by Weg Electric Corp. under EIN 65-0280210 and plan number 001. It reports 347 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014070032NAL0026738049001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Weg Electric Corp.
- EIN
- 65-0280210
- Plan number
- 001
- Location
- Bluffton, IN
- Participants
- 347
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,708,449
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,708,449
- Employer contributions
- $338,171
- Participant contributions
- $201,659
- Total income / additions
- $1,069,848
- Benefits paid
- $620,940
- Administrative expenses
- $28,246
- Total expenses
- $649,186
- Net increase / (decrease)
- $420,662
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pensionmark Financial Group, LLC | INVESTMENT ADVISOR | $10,314 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $9,627 | $0 |
| Retirement Plan Concepts & Services | CONTRACT ADMIN | $5,448 | $4,039 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $3,008 | not reported in the loaded dataset |