Prutech Solutions, Inc. 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Prutech Solutions, 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, Prutech Solutions, Inc. 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Prutech Solutions, Inc. under EIN 22-3606232 and plan number 001. The latest loaded filing year is 2023. The filing reports 204 participants and $5,691,509 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5.7MPlan net assets, end of year$5,691,509
Participants204Covered participants reported
Assets / participant$27.9KComputed: assets ÷ participants$27,900 (computed)
Provider compensation$17K2 Schedule C provider row(s)$16,970
Plan sponsor
Prutech Solutions, Inc.
EIN
22-3606232
Plan number
001
Plan type
2
Location
Iselin, NJ
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023204H, C20241014121758NAL0026126785001
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)$5.7M total assets
Net assets$5.7MLiabilities$0
Money in vs. money out
Total income / additions$2.4M
Total expenses$861.3K
Benefits paid / distributions$839.3K
Contributions
Employer$223.9K
Participant$1.1M
Full reported line items

Net assets

Total assets (EOY)
$5,691,509
Total liabilities (EOY)
$0
Net assets (EOY)
$5,691,509
Net assets (BOY)
$4,194,093

Income & contributions

Employer contributions
$223,866
Participant contributions
$1,103,757
Total contributions
$1,565,150
Total income / additions
$2,358,742

Expenses & distributions

Benefits paid
$839,345
Administrative expenses
$18,906
Total expenses
$861,326
Net increase / (decrease)
$1,497,416
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 17%Participant 83%
Total expenses ÷ net assets15%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Wilmington Trust National AssocADVISOR$15,526not reported in the loaded dataset2023
Fidelity Investments InstitutionalRECORDKEEPER$1,444$02023

Related Form 5500 pages