2023 Form 5500 filing — New Balance Athletics Employee Savings And Security 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 20241015121432NAL0047828400001) for New Balance Athletics Employee Savings And Security Plan, reported by New Balance Athletic Shoe, Inc. under EIN 04-2460172 and plan number 002. It reports 5,216 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015121432NAL0047828400001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- New Balance Athletic Shoe, Inc.
- EIN
- 04-2460172
- Plan number
- 002
- Location
- Boston, MA
- Participants
- 5,216
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $423,987,953
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $423,987,953
- Employer contributions
- $14,091,295
- Participant contributions
- $23,257,633
- Total income / additions
- $98,970,479
- Benefits paid
- $23,001,354
- Administrative expenses
- $1,272,060
- Total expenses
- $24,273,414
- Net increase / (decrease)
- $74,697,065
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock | RETAINED BY CLIENT | $1,163,092 | $0 |
| Captrust Partners, LLC | RETAINED BY EMPLOYER | $73,792 | not reported in the loaded dataset |
| Grant Thorton | RETAINED BY PLAN SPONSOR | $35,175 | not reported in the loaded dataset |