Innotec Employee 401(K) Profit Sharing Plan — Form 5500 plan (Innotec Corp)
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, Innotec Employee 401(K) Profit Sharing Plan is a benefit plan reported by Innotec Corp under EIN 38-3076153 and plan number 001. The latest loaded filing year is 2023. The filing reports 263 participants and $18,092,710 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Innotec Corp
- EIN
- 38-3076153
- Plan number
- 001
- Plan type
- 2
- Location
- Zeeland, MI
- Latest filing year
- 2023
- Participants
- 263
- End-of-year plan assets
- $18,092,710
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 263 | H, C | 20241014140851NAL0027515217001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,092,710
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,092,710
- Net assets (BOY)
- $15,286,694
Income & contributions
- Employer contributions
- $109,251
- Participant contributions
- $905,668
- Total contributions
- $1,162,602
- Total income / additions
- $3,691,769
Expenses & distributions
- Benefits paid
- $878,867
- Administrative expenses
- $6,886
- Total expenses
- $885,753
- Net increase / (decrease)
- $2,806,016
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| S B H U Life Agency Inc | OTHER SERVICES | $0 | $33,112 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $6,886 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |