Fortec Medical, Inc. 401(K) Profit Sharing — Form 5500 plan (Fortec Medical, Inc.)

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, Fortec Medical, Inc. 401(K) Profit Sharing is a benefit plan reported by Fortec Medical, Inc. under EIN 34-1662721 and plan number 001. The latest loaded filing year is 2023. The filing reports 775 participants and $48,459,414 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Fortec Medical, Inc.
EIN
34-1662721
Plan number
001
Plan type
2
Location
Hudson, OH
Latest filing year
2023
Participants
775
End-of-year plan assets
$48,459,414

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023775H, C20240819085452NAL0001469633001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$48,459,414
Total liabilities (EOY)
$0
Net assets (EOY)
$48,459,414
Net assets (BOY)
$38,853,073

Income & contributions

Employer contributions
$1,864,174
Participant contributions
$3,060,561
Total contributions
$5,788,866
Total income / additions
$13,318,069

Expenses & distributions

Benefits paid
$3,666,963
Administrative expenses
$29,245
Total expenses
$3,711,728
Net increase / (decrease)
$9,606,341

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Voya Retirement Insurance & AnnuityRECORDKEEPER$29,245$02023
MorningstarSERVICE PROVIDER$0$6,9502023

Related Form 5500 pages