Adept Corporation 401(K) Profit Sharing Plan — Form 5500 plan (Adept Corporation)

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, Adept Corporation 401(K) Profit Sharing Plan is a benefit plan reported by Adept Corporation under EIN 23-1669970 and plan number 001. The latest loaded filing year is 2023. The filing reports 106 participants and $5,560,980 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5.6MPlan net assets, end of year$5,556,233
Participants106Covered participants reported
Assets / participant$52.5KComputed: assets ÷ participants$52,462 (computed)
Provider compensationNone reported
Plan sponsor
Adept Corporation
EIN
23-1669970
Plan number
001
Plan type
2
Location
York, PA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023106I20240610094856NAL0014409027001
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)$5.6M total assets
Net assets$5.6MLiabilities$4.7K
Money in vs. money out
Total income / additions$1M
Total expenses$238.7K
Benefits paid / distributions$213.7K
Contributions
Employer$43K
Participant$227.3K
Full reported line items

Net assets

Total assets (EOY)
$5,560,980
Total liabilities (EOY)
$4,747
Net assets (EOY)
$5,556,233
Net assets (BOY)
$4,779,547

Income & contributions

Employer contributions
$43,040
Participant contributions
$227,253
Total income / additions
$1,015,363

Expenses & distributions

Benefits paid
$213,687
Administrative expenses
$24,990
Total expenses
$238,677
Net increase / (decrease)
$776,686
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 16%Participant 84%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income21%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages