2023 Form 5500 filing — Otto Engineering, Inc. 401(K) Savings And 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 20241014091551NAL0013048307001) for Otto Engineering, Inc. 401(K) Savings And Retirement Plan, reported by Otto Engineering, Inc. under EIN 36-2538513 and plan number 001. It reports 603 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014091551NAL0013048307001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Otto Engineering, Inc.
- EIN
- 36-2538513
- Plan number
- 001
- Location
- Carpentersville, IL
- Participants
- 603
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $57,723,871
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $57,723,871
- Employer contributions
- $1,191,854
- Participant contributions
- $2,605,330
- Total income / additions
- $13,141,296
- Benefits paid
- $2,471,019
- Administrative expenses
- $89,304
- Total expenses
- $2,560,323
- Net increase / (decrease)
- $10,580,973
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Advisory Group, LLC | INVESTMENT MGMT | $48,977 | not reported in the loaded dataset |
| Gallagher Benefit Services Inc Dba | INVESTMENT ADVISOR | $37,500 | not reported in the loaded dataset |
| Howard Simon & Associates Inc | CONTRACT ADMIN | $2,827 | $5,000 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $0 | $0 |