2023 Form 5500 filing — Schultes Precision Manufacturing 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 20241014155752NAL0026646977001) for Schultes Precision Manufacturing 401(K) Plan, reported by Schultes Precision Manufacturing, Inc under EIN 36-2426522 and plan number 001. It reports 194 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014155752NAL0026646977001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Schultes Precision Manufacturing, Inc
- EIN
- 36-2426522
- Plan number
- 001
- Location
- Buffalo Grove, IL
- Participants
- 194
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,075,122
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,075,122
- Employer contributions
- $111,261
- Participant contributions
- $512,255
- Total income / additions
- $1,226,379
- Benefits paid
- $1,384,841
- Administrative expenses
- $48,337
- Total expenses
- $1,433,178
- Net increase / (decrease)
- -$206,799
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alliance Pension Consultants | RECORDKEEPER | $33,337 | not reported in the loaded dataset |
| Paul D. Sippil & Associates | INVESTMENT ADVISOR | $15,000 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | CUSTODIAN | $3 | $1,967 |
| Charles Schwab & Co., Inc. | CUSTODIAN | $261 | $0 |