The Norwood Company 401(K) Retirement Savings Plan — Form 5500 plan (The Norwood Company)
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, The Norwood Company 401(K) Retirement Savings Plan is a benefit plan reported by The Norwood Company under EIN 22-2066074 and plan number 002. The latest loaded filing year is 2023. The filing reports 138 participants and $17,641,144 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$17.6MPlan net assets, end of year$17,641,144
Participants138Covered participants reported
Assets / participant$127.8KComputed: assets ÷ participants$127,834 (computed)
Provider compensation$84.4K2 Schedule C provider row(s)$84,358
- Plan sponsor
- The Norwood Company
- EIN
- 22-2066074
- Plan number
- 002
- Plan type
- 2
- Location
- Malvern, PA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 138 | H, C | 20240731141836NAL0022414065001 |
Schedule H · 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)$17.6M total assets
Net assets$17.6MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $17,641,144
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,641,144
- Net assets (BOY)
- $14,788,674
Income & contributions
- Employer contributions
- $201,190
- Participant contributions
- $1,144,395
- Total contributions
- $1,445,297
- Total income / additions
- $4,170,538
Expenses & distributions
- Benefits paid
- $1,234,174
- Administrative expenses
- $83,894
- Total expenses
- $1,318,068
- Net increase / (decrease)
- $2,852,470
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.
15%85%
Employer 15%Participant 85%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income30%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Stancorp Financial Group | NONE | $55,616 | $356 | 2023 |
| Jfs Wealth Advisors, LLC | NONE | $28,386 | not reported in the loaded dataset | 2023 |