Merritt Woodwork 401(K) Profit Sharing Plan — Form 5500 plan (Profac, Inc. Dba Merritt Woodwork)
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, Merritt Woodwork 401(K) Profit Sharing Plan is a benefit plan reported by Profac, Inc. Dba Merritt Woodwork under EIN 34-1107300 and plan number 001. The latest loaded filing year is 2023. The filing reports 157 participants and $6,588,654 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Profac, Inc. Dba Merritt Woodwork
- EIN
- 34-1107300
- Plan number
- 001
- Plan type
- 2
- Location
- Mentor, OH
- Latest filing year
- 2023
- Participants
- 157
- End-of-year plan assets
- $6,588,654
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 157 | H, C | 20241015155402NAL0015015619001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,588,654
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,588,654
- Net assets (BOY)
- $5,312,416
Income & contributions
- Employer contributions
- $189,618
- Participant contributions
- $450,650
- Total contributions
- $709,335
- Total income / additions
- $1,558,001
Expenses & distributions
- Benefits paid
- $261,331
- Administrative expenses
- $20,432
- Total expenses
- $281,763
- Net increase / (decrease)
- $1,276,238
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Symphony Financial Services | SERVICE PROVIDER | $0 | $22,920 | 2023 |
| Trinity Pension Consultants | OTHER SERVICES | $0 | $2,769 | 2023 |
| Morningstar Investment Mgmt LLC | NONE | $1,254 | $935 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Profac, Inc. Dba Merritt Woodwork
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Mentor, OH
- Symphony Financial Services — Schedule C compensation
- Trinity Pension Consultants — Schedule C compensation
- Morningstar Investment Mgmt LLC — Schedule C compensation