Plan5500

Innovative Machining Technology, Inc. Group Health Plan — Form 5500 plan (Innovative Machining Technology, Inc 401(K) Plan)

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, Innovative Machining Technology, Inc. Group Health Plan is a benefit plan reported by Innovative Machining Technology, Inc 401(K) Plan under EIN 23-2621851 and plan number 501. The latest loaded filing year is 2023. The filing reports 33 participants and $18,207 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Innovative Machining Technology, Inc 401(K) Plan
EIN
23-2621851
Plan number
501
Plan type
2
Location
Boyertown, PA
Latest filing year
2023
Participants
33
End-of-year plan assets
$18,207

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202333I, C20250212081816NAL0011467187001

Reported financial statement (2023 · Schedule I)

Net assets

Total assets (EOY)
$18,207
Total liabilities (EOY)
$42,454
Net assets (EOY)
-$24,247
Net assets (BOY)
$0

Income & contributions

Employer contributions
$310,071
Participant contributions
$58,578
Total income / additions
$371,313

Expenses & distributions

Benefits paid
$222,749
Administrative expenses
$2,970
Total expenses
$395,560
Net increase / (decrease)
-$24,247

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Patriot (Power-Kunkle Group, Inc.)BROKER$14,148not reported in the loaded dataset2023
The Benecon GroupBROKER$9,979not reported in the loaded dataset2023
Capital BluecrossADMIN$2,970not reported in the loaded dataset2023
Connectcare3PATIENT ADVOCATE$2,146not reported in the loaded dataset2023

Related Form 5500 pages