Plan5500

Aalberts Surface Technologies 401(K) Plan — Form 5500 plan (Applied Process, 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, Aalberts Surface Technologies 401(K) Plan is a benefit plan reported by Applied Process, Inc. under EIN 38-2565630 and plan number 001. The latest loaded filing year is 2023. The filing reports 225 participants and $30,972,417 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$31MPlan net assets, end of year$30,972,417
Participants225Covered participants reported
Assets / participant$137.7KComputed: assets ÷ participants$137,655 (computed)
Provider compensation$5.2K3 Schedule C provider row(s)$5,177
Plan sponsor
Applied Process, Inc.
EIN
38-2565630
Plan number
001
Plan type
2
Location
Livonia, MI
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    225 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$31M total assets
Net assets$31MLiabilities$0
Money in vs. money out
Total income / additions$4.7M
Total expenses$2.2M
Benefits paid / distributions$2.2M
Contributions
Employer$537.2K
Participant$1M
Full reported line items

Net assets

Total assets (EOY)
$30,972,417
Total liabilities (EOY)
$0
Net assets (EOY)
$30,972,417
Net assets (BOY)
$7,766,348

Income & contributions

Employer contributions
$537,228
Participant contributions
$1,033,937
Total contributions
$1,918,549
Total income / additions
$4,683,025

Expenses & distributions

Benefits paid
$2,191,532
Administrative expenses
$28,236
Total expenses
$2,220,982
Net increase / (decrease)
$2,462,043
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 34%Participant 66%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income47%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Empower Annuity Insurance Company O$3.8K
    RECORDKEEPER · Direct $3.8K · Indirect $0
  2. 2
    Gregory J Schwartz & Company Inc$1.3K
    INVESTMENT ADVISOR · Direct $1.3K
  3. 3
    Empower Advisory Group, LLC$5
    INVESTMENT MGMT · Direct $5

Related Form 5500 pages