2023 Form 5500 filing — Electrical Equipment Company 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 20241015135248NAL0048229904001) for Electrical Equipment Company 401(K) Plan, reported by Electrical Equipment Company under EIN 56-0213900 and plan number 002. It reports 309 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015135248NAL0048229904001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Electrical Equipment Company
- EIN
- 56-0213900
- Plan number
- 002
- Location
- Raleigh, NC
- Participants
- 309
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $27,587,191
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,587,191
- Employer contributions
- $484,379
- Participant contributions
- $1,667,231
- Total income / additions
- $6,043,095
- Benefits paid
- $2,683,714
- Administrative expenses
- $97,558
- Total expenses
- $2,781,272
- Net increase / (decrease)
- $3,261,823
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Veratis Institutional Advisors, Inc | NONE | $60,000 | not reported in the loaded dataset |
| Usi Consulting Group | NONE | $20,927 | not reported in the loaded dataset |
| Charles Schwab Trust Co | TRUSTEE | $11,482 | not reported in the loaded dataset |
| Lincoln National Corporation | SERVICE PROVIDER | $5,148 | $0 |