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, Beacon Converters, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Beacon Converters, Inc. under EIN 22-1440652 and plan number 002. The latest loaded filing year is 2023. The filing reports 130 participants and $8,053,347 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,053,347
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,053,347
- Net assets (BOY)
- $6,240,507
Income & contributions
- Employer contributions
- $352,164
- Participant contributions
- $473,731
- Total contributions
- $825,895
- Total income / additions
- $2,140,427
Expenses & distributions
- Benefits paid
- $284,519
- Administrative expenses
- $43,068
- Total expenses
- $327,587
- Net increase / (decrease)
- $1,812,840