Process Technology Incentive Retirement Plan — Form 5500 plan (Process Technology)
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, Process Technology Incentive Retirement Plan is a benefit plan reported by Process Technology under EIN 34-1257334 and plan number 002. The latest loaded filing year is 2023. The filing reports 283 participants and $21,034,568 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Process Technology
- EIN
- 34-1257334
- Plan number
- 002
- Plan type
- 2
- Location
- Willoughby, OH
- Latest filing year
- 2023
- Participants
- 283
- End-of-year plan assets
- $21,034,568
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 283 | H, C | 20241015141153NAL0028716593001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,034,568
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,034,568
- Net assets (BOY)
- $20,592,046
Income & contributions
- Employer contributions
- $633,456
- Participant contributions
- $988,389
- Total contributions
- $1,731,978
- Total income / additions
- $4,947,114
Expenses & distributions
- Benefits paid
- $4,456,647
- Administrative expenses
- $47,945
- Total expenses
- $4,504,592
- Net increase / (decrease)
- $442,522
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $47,945 | $0 | 2023 |
| Gallagher Fiduciary Advisors, LLC | INVESTMENT ADVISORY | $0 | $20,984 | 2023 |