Packard Motor Car Company, Inc. 401(K) Plan — Form 5500 plan (Packard Motor Car Company, Inc.)

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, Packard Motor Car Company, Inc. 401(K) Plan is a benefit plan reported by Packard Motor Car Company, Inc. under EIN 22-1980342 and plan number 002. The latest loaded filing year is 2023. The filing reports 45 participants and $6,823,821 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$6.8MPlan net assets, end of year$6,823,821
Participants45Covered participants reported
Assets / participant$151.6KComputed: assets ÷ participants$151,640 (computed)
Provider compensationNone reported
Plan sponsor
Packard Motor Car Company, Inc.
EIN
22-1980342
Plan number
002
Plan type
2
Location
Boonton, NJ
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202345I20240909142941NAL0010627234001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$6.8M total assets
Net assets$6.8MLiabilities$0
Money in vs. money out
Total income / additions$934.7K
Total expenses$1.7M
Benefits paid / distributions$1.7M
Contributions
Employer$0
Participant$134.5K
Full reported line items

Net assets

Total assets (EOY)
$6,823,821
Total liabilities (EOY)
$0
Net assets (EOY)
$6,823,821
Net assets (BOY)
$7,542,052

Income & contributions

Employer contributions
$0
Participant contributions
$134,525
Total income / additions
$934,667

Expenses & distributions

Benefits paid
$1,652,554
Administrative expenses
$344
Total expenses
$1,652,898
Net increase / (decrease)
-$718,231
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 0%Participant 100%
Total expenses ÷ net assets24%Computed ratio
Benefits paid ÷ total income177%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages