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, Electro-Methods, Inc 401(K) Plan is a benefit plan reported by Electro-Methods, Inc. under EIN 06-0802223 and plan number 001. The latest loaded filing year is 2023. The filing reports 213 participants and $22,106,109 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $22,106,109
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,106,109
- Net assets (BOY)
- $18,239,486
Income & contributions
- Employer contributions
- $336,629
- Participant contributions
- $1,119,908
- Total contributions
- $1,588,190
- Total income / additions
- $4,551,993
Expenses & distributions
- Benefits paid
- $573,153
- Administrative expenses
- $96,976
- Total expenses
- $685,370
- Net increase / (decrease)
- $3,866,623