2023 Form 5500 filing — Fortune Metal Inc. Of Rhode Island 401(K) Profit Sharing Pla
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 20241015173836NAL0015183107001) for Fortune Metal Inc. Of Rhode Island 401(K) Profit Sharing Pla, reported by Fortune Metal Group Inc. under EIN 05-0502730 and plan number 001. It reports 349 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015173836NAL0015183107001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Fortune Metal Group Inc.
- EIN
- 05-0502730
- Plan number
- 001
- Location
- Rahway, NJ
- Participants
- 349
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,386,117
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,386,117
- Employer contributions
- $346,418
- Participant contributions
- $946,110
- Total income / additions
- $3,776,165
- Benefits paid
- $241,295
- Administrative expenses
- $53,753
- Total expenses
- $296,584
- Net increase / (decrease)
- $3,479,581
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Excel Wealth Management, LLC | INVESTMENT/FINANCIAL ADVI | $37,044 | $0 |
| Adp, Inc. | RECORD KEEPER | $16,709 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |