Bearing Technologies, Ltd 401(K) Profit Sharing Plan — Form 5500 plan (Bearing Technologies, Ltd)
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, Bearing Technologies, Ltd 401(K) Profit Sharing Plan is a benefit plan reported by Bearing Technologies, Ltd under EIN 34-1851026 and plan number 001. The latest loaded filing year is 2023. The filing reports 162 participants and $15,292,581 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bearing Technologies, Ltd
- EIN
- 34-1851026
- Plan number
- 001
- Plan type
- 2
- Location
- Avon, OH
- Latest filing year
- 2023
- Participants
- 162
- End-of-year plan assets
- $15,292,581
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 162 | H, C | 20240919102301NAL0005991649001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,292,581
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,292,581
- Net assets (BOY)
- $13,274,449
Income & contributions
- Employer contributions
- $667,856
- Participant contributions
- $466,663
- Total contributions
- $1,134,519
- Total income / additions
- $3,094,226
Expenses & distributions
- Benefits paid
- $1,058,257
- Administrative expenses
- $14,276
- Total expenses
- $1,076,094
- Net increase / (decrease)
- $2,018,132
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Qualified Pension Consultants, Inc. | CONTRACT ADMIN | $8,615 | not reported in the loaded dataset | 2023 |
| Ubs Financial Services Inc | RIA, IA | $6,677 | not reported in the loaded dataset | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $732 | $0 | 2023 |
| Jpmorgan Invest Holdings LLC | RECORDKEEPER | $375 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bearing Technologies, Ltd
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Avon, OH
- Qualified Pension Consultants, Inc. — Schedule C compensation
- Ubs Financial Services Inc — Schedule C compensation
- John Hancock Life Insurance Company — Schedule C compensation
- Jpmorgan Invest Holdings LLC — Schedule C compensation