Plain-English plan 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, Microfinancial, Incorporated 401(K) Profit Sharing Plan is a benefit plan reported by Microfinancial, Incorporated under EIN 04-2962824 and plan number 001. The latest loaded filing year is 2023. The filing reports 653 participants and $12,773,981 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,773,981
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,773,981
- Net assets (BOY)
- $10,245,481
Income & contributions
- Employer contributions
- $307,918
- Participant contributions
- $1,218,109
- Total contributions
- $1,619,762
- Total income / additions
- $3,193,345
Expenses & distributions
- Benefits paid
- $1,381,272
- Administrative expenses
- $53,673
- Total expenses
- $1,434,945
- Net increase / (decrease)
- $1,758,400