Professional Electric Products Co., Inc 401k Profit Sharing Plan — Form 5500 plan (Professional Electric Products Co.)
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, Professional Electric Products Co., Inc 401k Profit Sharing Plan is a benefit plan reported by Professional Electric Products Co. under EIN 34-1018087 and plan number 002. The latest loaded filing year is 2023. The filing reports 209 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Professional Electric Products Co.
- EIN
- 34-1018087
- Plan number
- 002
- Plan type
- 2
- Location
- Eastlake, OH
- Latest filing year
- 2023
- Participants
- 209
- End-of-year plan assets
- $0
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 209 | H, C | 20240805092043NAL0000961825001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $15,678,330
Income & contributions
- Employer contributions
- $651,020
- Participant contributions
- $465,530
- Total contributions
- $1,116,550
- Total income / additions
- $2,398,948
Expenses & distributions
- Benefits paid
- $4,475,854
- Administrative expenses
- $100,812
- Total expenses
- $4,576,666
- Net increase / (decrease)
- -$2,177,718
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Moskal Gross Orchosky Inc. | THIRD PARTY ADMINISTRATO | $39,545 | $6,231 | 2023 |
| Nationwide | CUSTODIAN/RECORDKEEPER | $23,906 | $11,632 | 2023 |
| Mgo Investment Advisors Inc. | INVESTMENT ADVISOR | $33,233 | not reported in the loaded dataset | 2023 |