Edac Technologies Corporation Gros-Ite Division Employees Pension Plan — Form 5500 plan (Hanwha Aerospace Usa LLC)

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, Edac Technologies Corporation Gros-Ite Division Employees Pension Plan is a benefit plan reported by Hanwha Aerospace Usa LLC under EIN 39-1515599 and plan number 002. The latest loaded filing year is 2023. The filing reports 118 participants and $0 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$0Plan net assets, end of year
Participants118Covered participants reported
Assets / participant$0Computed: assets ÷ participants$0 (computed)
Provider compensation$24.7K1 Schedule C provider row(s)$24,663
Plan sponsor
Hanwha Aerospace Usa LLC
EIN
39-1515599
Plan number
002
Plan type
2
Location
Cheshire, CT
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023118H, C20250303135352NAL0003368803001
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.

Money in vs. money out
Total income / additions$1.3M
Total expenses$4.6M
Benefits paid / distributions$4.6M
Contributions
Employer$1M
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$0
Total liabilities (EOY)
$0
Net assets (EOY)
$0
Net assets (BOY)
$3,329,868

Income & contributions

Employer contributions
$1,037,803
Total contributions
$1,037,803
Total income / additions
$1,285,887

Expenses & distributions

Benefits paid
$4,591,092
Administrative expenses
$24,663
Total expenses
$4,615,755
Net increase / (decrease)
-$3,329,868
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.

Benefits paid ÷ total income357%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Bank Of AmericaNONE$24,663$02023

Related Form 5500 pages