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, Canfield Scientific Inc. Profit Sharing 401(K) Plan is a benefit plan reported by Canfield Scientific, Inc. under EIN 22-2938062 and plan number 001. The latest loaded filing year is 2023. The filing reports 325 participants and $38,171,510 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $38,171,510
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,171,510
- Net assets (BOY)
- $30,474,094
Income & contributions
- Employer contributions
- $892,416
- Participant contributions
- $1,930,315
- Total contributions
- $3,111,609
- Total income / additions
- $9,363,794
Expenses & distributions
- Benefits paid
- $1,586,705
- Administrative expenses
- $79,673
- Total expenses
- $1,666,378
- Net increase / (decrease)
- $7,697,416