Niles Precision Company Employees' Profit Sharing/401(K) Plan — Form 5500 plan (Niles Precision Company)
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, Niles Precision Company Employees' Profit Sharing/401(K) Plan is a benefit plan reported by Niles Precision Company under EIN 38-1351498 and plan number 001. The latest loaded filing year is 2023. The filing reports 187 participants and $21,008,665 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Niles Precision Company
- EIN
- 38-1351498
- Plan number
- 001
- Plan type
- 2
- Location
- Niles, MI
- Latest filing year
- 2023
- Participants
- 187
- End-of-year plan assets
- $21,008,665
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 187 | H, C | 20240920134440NAL0007903905001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,008,665
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,008,665
- Net assets (BOY)
- $19,357,602
Income & contributions
- Employer contributions
- $90,621
- Participant contributions
- $572,947
- Total contributions
- $665,923
- Total income / additions
- $3,145,040
Expenses & distributions
- Benefits paid
- $1,418,587
- Administrative expenses
- $75,390
- Total expenses
- $1,493,977
- Net increase / (decrease)
- $1,651,063
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Actium LLC | INVESTMENT ADVISOR | $26,299 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $25,601 | $0 | 2023 |
| Fifth Third Bank | INVESTMENT ADVISOR | $23,489 | not reported in the loaded dataset | 2023 |