2023 Form 5500 filing — Fabric Development, Inc., Textile Products, Inc. 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 20250113073635NAL0028963488001) for Fabric Development, Inc., Textile Products, Inc. 401(K) Plan, reported by Fabric Development, Inc. under EIN 23-1877836 and plan number 001. It reports 228 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250113073635NAL0028963488001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Fabric Development, Inc.
- EIN
- 23-1877836
- Plan number
- 001
- Location
- Quakertown, PA
- Participants
- 228
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,412,221
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,412,221
- Employer contributions
- $246,251
- Participant contributions
- $738,990
- Total income / additions
- $2,317,612
- Benefits paid
- $1,242,062
- Administrative expenses
- $40,244
- Total expenses
- $1,282,306
- Net increase / (decrease)
- $1,035,306
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $21,370 | not reported in the loaded dataset |
| Empower Annuity Insurance Company O | RECORDKEEPER | $18,874 | $0 |