2023 Form 5500 filing — Friedman Industries, Inc. Employees' Retirement & 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 20241015094924NAL0047255808001) for Friedman Industries, Inc. Employees' Retirement & 401(K) Plan, reported by Friedman Industries, Incorporated under EIN 74-1504405 and plan number 002. It reports 204 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015094924NAL0047255808001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Friedman Industries, Incorporated
- EIN
- 74-1504405
- Plan number
- 002
- Location
- Longview, TX
- Participants
- 204
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,798,321
- Total liabilities (EOY)
- $1,520
- Net assets (EOY)
- $9,796,801
- Employer contributions
- $764,548
- Participant contributions
- $1,221,634
- Total income / additions
- $3,335,260
- Benefits paid
- $879,755
- Administrative expenses
- $43,818
- Total expenses
- $924,423
- Net increase / (decrease)
- $2,410,837
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Bok Financial Asset Management, Inc | TPA | $38,896 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | CUSTODIAN | $4,952 | $165 |