2023 Form 5500 filing — Townsend Oil Company, Incorporated 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 20241015073510NAL0027767489001) for Townsend Oil Company, Incorporated 401(K) Plan, reported by Townsend Oil Company, Incorporated under EIN 04-2208037 and plan number 003. It reports 151 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015073510NAL0027767489001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Townsend Oil Company, Incorporated
- EIN
- 04-2208037
- Plan number
- 003
- Location
- Danvers, MA
- Participants
- 151
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,089,397
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,089,397
- Employer contributions
- $180,366
- Participant contributions
- $524,214
- Total income / additions
- $1,753,211
- Benefits paid
- $1,471,706
- Administrative expenses
- $37,302
- Total expenses
- $1,509,008
- Net increase / (decrease)
- $244,203
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wilmington Trust | NONE | $24,251 | not reported in the loaded dataset |
| Newport Group, Inc. | NONE | $13,051 | $0 |