Metal Textiles Corporation Employees' Savings Plan — Form 5500 plan (Metal Textiles 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, Metal Textiles Corporation Employees' Savings Plan is a benefit plan reported by Metal Textiles Corporation under EIN 26-2858927 and plan number 003. The latest loaded filing year is 2023. The filing reports 919 participants and $18,757,908 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Metal Textiles Corporation
- EIN
- 26-2858927
- Plan number
- 003
- Plan type
- 2
- Location
- Edison, NJ
- Latest filing year
- 2023
- Participants
- 919
- End-of-year plan assets
- $18,757,908
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 919 | H, C | 20241009142131NAL0031542560001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,757,908
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,757,908
- Net assets (BOY)
- $16,616,585
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $854,279
- Total contributions
- $868,718
- Total income / additions
- $4,258,688
Expenses & distributions
- Benefits paid
- $2,111,250
- Administrative expenses
- $1,531
- Total expenses
- $2,117,365
- Net increase / (decrease)
- $2,141,323
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wilmington Trust N.A | CONSULTANT | $32,307 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$39,516 | $0 | 2023 |