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, Max-Tech Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Max-Tech, Inc. under EIN 20-3705624 and plan number 001. The latest loaded filing year is 2023. The filing reports 441 participants and $11,853,464 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,853,464
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,853,464
- Net assets (BOY)
- $8,096,993
Income & contributions
- Employer contributions
- $785,099
- Participant contributions
- $1,107,254
- Total contributions
- $2,837,031
- Total income / additions
- $4,581,896
Expenses & distributions
- Benefits paid
- $795,209
- Administrative expenses
- $30,216
- Total expenses
- $825,425
- Net increase / (decrease)
- $3,756,471