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, Varel International Ind., LLC 401(K) Salary Savings Plan is a benefit plan reported by Varel International Ind., LLC under EIN 20-2761179 and plan number 001. The latest loaded filing year is 2023. The filing reports 224 participants and $16,057,358 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,057,358
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,057,358
- Net assets (BOY)
- $14,393,085
Income & contributions
- Employer contributions
- $514,083
- Participant contributions
- $905,034
- Total contributions
- $1,508,692
- Total income / additions
- $4,366,802
Expenses & distributions
- Benefits paid
- $2,666,384
- Administrative expenses
- $36,145
- Total expenses
- $2,702,529
- Net increase / (decrease)
- $1,664,273