2023 Form 5500 filing — Motor Werks 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 20241202130357NAL0001586257001) for Motor Werks 401(K) Plan, reported by Murgado Motor Werks LLC under EIN 92-1197270 and plan number 001. It reports 391 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241202130357NAL0001586257001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Murgado Motor Werks LLC
- EIN
- 92-1197270
- Plan number
- 001
- Location
- Barrington, IL
- Participants
- 391
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,943,285
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,943,285
- Participant contributions
- $2,012,839
- Total income / additions
- $4,045,616
- Benefits paid
- $1,501,624
- Administrative expenses
- $9,872
- Total expenses
- $1,512,367
- Net increase / (decrease)
- $2,533,249
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Hightower Securities LLC | OTHER SERVICES | $0 | $14,339 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $9,872 | $0 |