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, Great Neck Tools, Inc. 401(K) Plan is a benefit plan reported by Great Neck Tools, Inc. 401(K) Plan under EIN 11-0834190 and plan number 001. The latest loaded filing year is 2023. The filing reports 469 participants and $19,556,671 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,556,671
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,556,671
- Net assets (BOY)
- $18,094,127
Income & contributions
- Employer contributions
- $643,292
- Participant contributions
- $871,232
- Total contributions
- $1,514,524
- Total income / additions
- $3,540,932
Expenses & distributions
- Benefits paid
- $2,046,220
- Administrative expenses
- $31,141
- Total expenses
- $2,078,388
- Net increase / (decrease)
- $1,462,544