2023 Form 5500 filing — Woburn Foreign Motors, 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 20250325152019NAL0010305635001) for Woburn Foreign Motors, Inc. 401(K) Plan, reported by Woburn Foreign Motors, Inc. under EIN 04-2621463 and plan number 001. It reports 473 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250325152019NAL0010305635001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Woburn Foreign Motors, Inc.
- EIN
- 04-2621463
- Plan number
- 001
- Location
- Woburn, MA
- Participants
- 473
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $20,966,642
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,966,642
- Employer contributions
- $310,959
- Participant contributions
- $2,012,992
- Total income / additions
- $6,130,552
- Benefits paid
- $2,234,639
- Administrative expenses
- $141,548
- Total expenses
- $2,381,310
- Net increase / (decrease)
- $3,749,242
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $58,027 | $0 |
| Commonwealth Equity Services, Inc. | INVESTMENT/FINANCIAL ADVI | $41,760 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |