Plan5500

Prab, Inc. Salaried Employees Profit Sharing Plan — Form 5500 plan (Prab, 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, Prab, Inc. Salaried Employees Profit Sharing Plan is a benefit plan reported by Prab, Inc. under EIN 38-1654849 and plan number 004. The latest loaded filing year is 2023. The filing reports 230 participants and $26,357,188 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Prab, Inc.
EIN
38-1654849
Plan number
004
Plan type
2
Location
Kalamazoo, MI
Latest filing year
2023
Participants
230
End-of-year plan assets
$26,357,188

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023230H, C20241010102120NAL0035442736001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$26,357,188
Net assets (EOY)
$26,357,188
Net assets (BOY)
$20,832,353

Income & contributions

Employer contributions
$858,291
Participant contributions
$998,546
Total contributions
$3,944,802
Total income / additions
$7,769,913

Expenses & distributions

Benefits paid
$2,189,305
Administrative expenses
$11,529
Total expenses
$2,245,078
Net increase / (decrease)
$5,524,835

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Michigan Benefit Consulting, Inc.THIRD PARTY ADMINISTRATOR$8,334$10,9432023

Related Form 5500 pages