Plan5500

Functional Devices 401(K) Profit Sharing Plan — Form 5500 plan (Functional Devices, 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, Functional Devices 401(K) Profit Sharing Plan is a benefit plan reported by Functional Devices, Inc. under EIN 35-1161515 and plan number 001. The latest loaded filing year is 2023. The filing reports 210 participants and $5,004,260 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Functional Devices, Inc.
EIN
35-1161515
Plan number
001
Plan type
2
Location
Sharpsville, IN
Latest filing year
2023
Participants
210
End-of-year plan assets
$5,004,260

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023210H, C20241015133344NAL0014729827001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$5,004,260
Total liabilities (EOY)
$0
Net assets (EOY)
$5,004,260
Net assets (BOY)
$3,868,452

Income & contributions

Employer contributions
$261,971
Participant contributions
$426,542
Total contributions
$688,513
Total income / additions
$1,385,359

Expenses & distributions

Benefits paid
$208,196
Administrative expenses
$41,355
Total expenses
$249,551
Net increase / (decrease)
$1,135,808

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Faircourt Partners, LLCNONE$21,004not reported in the loaded dataset2023
The Vanguard Group, Inc.NONE$20,351$02023

Related Form 5500 pages