Bystronic Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Bystronic 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, Bystronic Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Bystronic Inc. under EIN 11-2473193 and plan number 001. The latest loaded filing year is 2023. The filing reports 293 participants and $20,252,374 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bystronic Inc.
- EIN
- 11-2473193
- Plan number
- 001
- Plan type
- 2
- Location
- Hoffman Estates, IL
- Latest filing year
- 2023
- Participants
- 293
- End-of-year plan assets
- $20,252,374
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 293 | H, C | 20241014172927NAL0013688739001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,252,374
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,252,374
- Net assets (BOY)
- $16,562,470
Income & contributions
- Employer contributions
- $669,756
- Participant contributions
- $1,829,753
- Total contributions
- $2,771,687
- Total income / additions
- $5,473,370
Expenses & distributions
- Benefits paid
- $1,688,838
- Administrative expenses
- $93,338
- Total expenses
- $1,783,466
- Net increase / (decrease)
- $3,689,904
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Clearwater Capital Partners, LLC | NONE | $52,971 | $0 | 2023 |
| Epic Retirement Plan Services | NONE | $40,367 | $0 | 2023 |
| Charles Schwab Trust Bank | NONE | $0 | $4,998 | 2023 |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bystronic Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Hoffman Estates, IL
- Clearwater Capital Partners, LLC — Schedule C compensation
- Epic Retirement Plan Services — Schedule C compensation
- Charles Schwab Trust Bank — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation