Magnetic Shield Corporation Profit Sharing Plan — Form 5500 plan (Magnetic Shield Corporation)
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, Magnetic Shield Corporation Profit Sharing Plan is a benefit plan reported by Magnetic Shield Corporation under EIN 36-1615298 and plan number 001. The latest loaded filing year is 2023. The filing reports 21 participants and $6,234,676 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Magnetic Shield Corporation
- EIN
- 36-1615298
- Plan number
- 001
- Plan type
- 2
- Location
- Bensenville, IL
- Latest filing year
- 2023
- Participants
- 21
- End-of-year plan assets
- $6,234,676
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 21 | I | 20240828144638NAL0012264449001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $6,234,676
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,234,676
- Net assets (BOY)
- $4,721,316
Income & contributions
- Employer contributions
- $270,522
- Participant contributions
- $146,567
- Total income / additions
- $1,635,428
Expenses & distributions
- Benefits paid
- $107,916
- Administrative expenses
- $14,152
- Total expenses
- $122,068
- Net increase / (decrease)
- $1,513,360
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.