Generation Tool Inc 401k Plan — Form 5500 plan (Generation Tool, 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, Generation Tool Inc 401k Plan is a benefit plan reported by Generation Tool, Inc. under EIN 38-3249553 and plan number 002. The latest loaded filing year is 2023. The filing reports 3 participants and $461,470 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Generation Tool, Inc.
- EIN
- 38-3249553
- Plan number
- 002
- Plan type
- 2
- Location
- Westland, MI
- Latest filing year
- 2023
- Participants
- 3
- End-of-year plan assets
- $461,470
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3 | I | 20241010141507NAL0011581443003 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $461,470
- Net assets (EOY)
- $461,470
- Net assets (BOY)
- $339,211
Income & contributions
- Employer contributions
- $76,774
- Participant contributions
- $27,578
- Total income / additions
- $127,455
Expenses & distributions
- Benefits paid
- $405
- Administrative expenses
- $4,791
- Total expenses
- $5,196
- Net increase / (decrease)
- $122,259
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.