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, Albaad Usa, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Albaad Usa, Inc. under EIN 20-0468543 and plan number 001. The latest loaded filing year is 2023. The filing reports 232 participants and $955,208 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $955,208
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $955,208
- Net assets (BOY)
- $2,037,785
Income & contributions
- Employer contributions
- $27,698
- Participant contributions
- $65,652
- Total contributions
- $93,350
- Total income / additions
- $222,048
Expenses & distributions
- Benefits paid
- $1,266,564
- Administrative expenses
- $25,355
- Total expenses
- $1,304,625
- Net increase / (decrease)
- -$1,082,577