2023 Form 5500 filing — Charles Products Inc. 401(K) Profit Sharing Plan & Trust
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 20241101141830NAL0003185825001) for Charles Products Inc. 401(K) Profit Sharing Plan & Trust, reported by Charles Products Inc. under EIN 83-2466543 and plan number 001. It reports 184 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241101141830NAL0003185825001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Charles Products Inc.
- EIN
- 83-2466543
- Plan number
- 001
- Location
- Rockville, MD
- Participants
- 184
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,688,887
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,688,887
- Employer contributions
- $215,398
- Participant contributions
- $503,640
- Total income / additions
- $1,626,572
- Benefits paid
- $1,024,792
- Administrative expenses
- $37,769
- Total expenses
- $1,062,561
- Net increase / (decrease)
- $564,011
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $29,648 | $0 |
| Orenda Retirement, LLC | CONTRACT ADMINISTRATOR | $8,125 | $21,048 |