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, Turn On Products, Inc. Profit Sharing Plan is a benefit plan reported by Turn On Products, Inc. under EIN 13-2835172 and plan number 003. The latest loaded filing year is 2023. The filing reports 115 participants and $10,721,838 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,721,838
- Net assets (EOY)
- $10,721,838
- Net assets (BOY)
- $10,066,123
Income & contributions
- Employer contributions
- $270,506
- Participant contributions
- $395,878
- Total contributions
- $666,384
- Total income / additions
- $1,996,972
Expenses & distributions
- Benefits paid
- $1,268,407
- Administrative expenses
- $72,850
- Total expenses
- $1,341,257
- Net increase / (decrease)
- $655,715