2023 Form 5500 filing — King Machine Of Charlotte 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 20241015074143NAL0048401200001) for King Machine Of Charlotte 401(K) Plan, reported by Micron Precision, LLC under EIN 56-1892737 and plan number 001. It reports 225 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015074143NAL0048401200001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Micron Precision, LLC
- EIN
- 56-1892737
- Plan number
- 001
- Location
- Charlotte, NC
- Participants
- 225
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,378,772
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,378,772
- Employer contributions
- $355,149
- Participant contributions
- $742,210
- Total income / additions
- $3,059,081
- Benefits paid
- $1,526,180
- Administrative expenses
- $14,483
- Total expenses
- $1,540,890
- Net increase / (decrease)
- $1,518,191
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance | RECORDKEEPER | $17,236 | $0 |
| Metro Benefits Inc | CONTRACT ADMIN | $8,455 | $0 |