2023 Form 5500 filing — Beacon Converters, Inc. 401(K) Profit Sharing 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 20241014164247NAL0045344352001) for Beacon Converters, Inc. 401(K) Profit Sharing Plan, reported by Beacon Converters, Inc. under EIN 22-1440652 and plan number 002. It reports 130 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014164247NAL0045344352001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Beacon Converters, Inc.
- EIN
- 22-1440652
- Plan number
- 002
- Location
- Saddle Brook, NJ
- Participants
- 130
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,053,347
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,053,347
- Employer contributions
- $352,164
- Participant contributions
- $473,731
- Total income / additions
- $2,140,427
- Benefits paid
- $284,519
- Administrative expenses
- $43,068
- Total expenses
- $327,587
- Net increase / (decrease)
- $1,812,840
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lpl Financial Rpcp | NONE | $26,559 | not reported in the loaded dataset |
| The Vanguard Group, Inc. | NONE | $16,509 | $0 |