Purem Novi Inc. Union Retirement Savings Plan — Form 5500 plan (Purem Novi 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, Purem Novi Inc. Union Retirement Savings Plan is a benefit plan reported by Purem Novi Inc. under EIN 38-3542936 and plan number 002. The latest loaded filing year is 2023. The filing reports 372 participants and $10,122,738 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$10.1MPlan net assets, end of year$10,122,738
Participants372Covered participants reported
Assets / participant$27.2KComputed: assets ÷ participants$27,212 (computed)
Provider compensation$81.3K2 Schedule C provider row(s)$81,327
- Plan sponsor
- Purem Novi Inc.
- EIN
- 38-3542936
- Plan number
- 002
- Plan type
- 2
- Location
- Novi, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 372 | H, C | 20241004134432NAL0023858178001 |
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)$10.1M total assets
Net assets$10.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $10,122,738
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,122,738
- Net assets (BOY)
- $8,120,254
Income & contributions
- Employer contributions
- $724,044
- Participant contributions
- $1,349,680
- Total contributions
- $2,140,339
- Total income / additions
- $3,582,418
Expenses & distributions
- Benefits paid
- $1,202,553
- Administrative expenses
- $82,397
- Total expenses
- $1,287,869
- Net increase / (decrease)
- $2,294,549
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.
35%65%
Employer 35%Participant 65%
Total expenses ÷ net assets13%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $59,681 | $0 | 2023 |
| Onedigital Investment Advisors LLC | ADVISOR | $21,646 | not reported in the loaded dataset | 2023 |