Lorensen Enterprises Inc. 401(K) Psp & Trust — Form 5500 plan (Lorensen Enterprises Inc.)
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, Lorensen Enterprises Inc. 401(K) Psp & Trust is a benefit plan reported by Lorensen Enterprises Inc. under EIN 06-1247940 and plan number 001. The latest loaded filing year is 2023. The filing reports 225 participants and $8,718,822 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lorensen Enterprises Inc.
- EIN
- 06-1247940
- Plan number
- 001
- Plan type
- 2
- Location
- Westbrook, CT
- Latest filing year
- 2023
- Participants
- 225
- End-of-year plan assets
- $8,718,822
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 225 | H, C | 20240813080757NAL0017885920001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,718,822
- Total liabilities (EOY)
- $28,431
- Net assets (EOY)
- $8,690,391
- Net assets (BOY)
- $7,680,707
Income & contributions
- Employer contributions
- $70,835
- Participant contributions
- $695,597
- Total contributions
- $766,432
- Total income / additions
- $1,895,065
Expenses & distributions
- Benefits paid
- $830,059
- Administrative expenses
- $55,322
- Total expenses
- $885,381
- Net increase / (decrease)
- $1,009,684
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Sullivan Financial LLC | ADVISOR | $28,101 | not reported in the loaded dataset | 2023 |
| Symmetry Partners LLC | ADVISOR | $19,658 | not reported in the loaded dataset | 2023 |
| Alerus Financial, N.A. | TPA | $7,568 | not reported in the loaded dataset | 2023 |