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, Universal Bearings LLC Profit Sharing Plan & Trust is a benefit plan reported by Universal Bearings, LLC under EIN 26-0762205 and plan number 001. The latest loaded filing year is 2023. The filing reports 362 participants and $24,844,311 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,844,311
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,844,311
- Net assets (BOY)
- $22,220,511
Income & contributions
- Employer contributions
- $553,087
- Participant contributions
- $873,919
- Total contributions
- $1,427,006
- Total income / additions
- $4,100,993
Expenses & distributions
- Benefits paid
- $1,360,257
- Administrative expenses
- $116,936
- Total expenses
- $1,477,193
- Net increase / (decrease)
- $2,623,800