Bourn & Koch Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Bourn & Koch 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, Bourn & Koch Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Bourn & Koch Inc. under EIN 36-2827595 and plan number 002. The latest loaded filing year is 2023. The filing reports 202 participants and $11,843,807 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bourn & Koch Inc.
- EIN
- 36-2827595
- Plan number
- 002
- Plan type
- 2
- Location
- Rockford, IL
- Latest filing year
- 2023
- Participants
- 202
- End-of-year plan assets
- $11,843,807
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 202 | H, C | 20241015142434NAL0028754369001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,843,807
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,843,807
- Net assets (BOY)
- $12,367,449
Income & contributions
- Employer contributions
- $291,551
- Participant contributions
- $529,946
- Total contributions
- $1,658,938
- Total income / additions
- $3,637,058
Expenses & distributions
- Benefits paid
- $4,128,104
- Administrative expenses
- $32,596
- Total expenses
- $4,160,700
- Net increase / (decrease)
- -$523,642
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $21,997 | $0 | 2023 |
| Newport Group Consulting, LLC | ADVISOR | $9,406 | $0 | 2023 |