Polytek Development Corp. Retirement Plan — Form 5500 plan (Polytek Development Corp.)
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, Polytek Development Corp. Retirement Plan is a benefit plan reported by Polytek Development Corp. under EIN 22-2554316 and plan number 001. The latest loaded filing year is 2023. The filing reports 220 participants and $14,073,019 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Polytek Development Corp.
- EIN
- 22-2554316
- Plan number
- 001
- Plan type
- 2
- Location
- Easton, PA
- Latest filing year
- 2023
- Participants
- 220
- End-of-year plan assets
- $14,073,019
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 220 | H, C | 20240904151123NAL0020368481001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,073,019
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,073,019
- Net assets (BOY)
- $10,940,693
Income & contributions
- Employer contributions
- $709,001
- Participant contributions
- $1,165,933
- Total contributions
- $2,007,301
- Total income / additions
- $4,093,875
Expenses & distributions
- Benefits paid
- $897,445
- Administrative expenses
- $60,151
- Total expenses
- $961,549
- Net increase / (decrease)
- $3,132,326
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners LLC | ADVISOR | $34,929 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $24,060 | $0 | 2023 |