2023 Form 5500 filing — Master Magnetics, Inc. Amended And Restated Employee Stock Ownership 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 20250411165838NAL0023580465001) for Master Magnetics, Inc. Amended And Restated Employee Stock Ownership Plan, reported by Tengam Pro, Inc. under EIN 84-0715559 and plan number 002. It reports 129 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250411165838NAL0023580465001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Tengam Pro, Inc.
- EIN
- 84-0715559
- Plan number
- 002
- Location
- Castle Rock, CO
- Participants
- 129
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,414,790
- Total liabilities (EOY)
- $1,876
- Net assets (EOY)
- $6,412,914
- Total income / additions
- $2,544,278
- Benefits paid
- $0
- Administrative expenses
- $23,430
- Total expenses
- $53,497
- Net increase / (decrease)
- $2,490,781
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Prudent Fiduciary Service | TRUSTEE | $15,000 | not reported in the loaded dataset |
| Forvis Mazars | ACCOUNTANT | $8,400 | not reported in the loaded dataset |