Okay Industries, Inc. Profit Sharing 401(K) Plan — Form 5500 plan (Okay Industries, 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, Okay Industries, Inc. Profit Sharing 401(K) Plan is a benefit plan reported by Okay Industries, Inc. under EIN 06-1290195 and plan number 001. The latest loaded filing year is 2023. The filing reports 356 participants and $26,529,335 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Okay Industries, Inc.
- EIN
- 06-1290195
- Plan number
- 001
- Plan type
- 2
- Location
- New Britain, CT
- Latest filing year
- 2023
- Participants
- 356
- End-of-year plan assets
- $26,529,335
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 356 | H, C | 20240729082130NAL0012327203001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $26,529,335
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,529,335
- Net assets (BOY)
- $24,680,323
Income & contributions
- Employer contributions
- $572,305
- Participant contributions
- $1,075,263
- Total contributions
- $1,770,392
- Total income / additions
- $4,891,668
Expenses & distributions
- Benefits paid
- $2,906,356
- Administrative expenses
- $136,300
- Total expenses
- $3,042,656
- Net increase / (decrease)
- $1,849,012
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Advisory Group, LLC | INVESTMENT MGMT | $69,804 | not reported in the loaded dataset | 2023 |
| The Patriot Financial Group | BROKER | $24,699 | not reported in the loaded dataset | 2023 |
| Pension Consultants | CONTRACT ADMIN | $22,975 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $18,822 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Okay Industries, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in CT
- 401(k) and benefit plan filings in New Britain, CT
- Empower Advisory Group, LLC — Schedule C compensation
- The Patriot Financial Group — Schedule C compensation
- Pension Consultants — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation