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, Turbo Drill Industries 401(K) Plan is a benefit plan reported by Turbo Drill Industries, Inc. under EIN 37-1542579 and plan number 001. The latest loaded filing year is 2023. The filing reports 253 participants and $3,482,905 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,482,905
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,482,905
- Net assets (BOY)
- $1,366,717
Income & contributions
- Employer contributions
- $702,282
- Participant contributions
- $1,182,208
- Total contributions
- $1,990,050
- Total income / additions
- $2,390,567
Expenses & distributions
- Benefits paid
- $241,692
- Administrative expenses
- $32,618
- Total expenses
- $274,379
- Net increase / (decrease)
- $2,116,188