Acentek 401(K) Plan — Form 5500 plan (Ace Telephone Association)
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, Acentek 401(K) Plan is a benefit plan reported by Ace Telephone Association under EIN 41-0711571 and plan number 002. The latest loaded filing year is 2023. The filing reports 170 participants and $34,454,928 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$34.5MPlan net assets, end of year$34,454,928
Participants170Covered participants reported
Assets / participant$202.7KComputed: assets ÷ participants$202,676 (computed)
Provider compensation$13.1K2 Schedule C provider row(s)$13,125
- Plan sponsor
- Ace Telephone Association
- EIN
- 41-0711571
- Plan number
- 002
- Plan type
- 2
- Location
- Houston, MN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 170 | H, C | 20241003134026NAL0017177072001 |
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)$34.5M total assets
Net assets$34.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $34,454,928
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $34,454,928
- Net assets (BOY)
- $29,128,668
Income & contributions
- Employer contributions
- $837,572
- Participant contributions
- $870,296
- Total contributions
- $1,851,726
- Total income / additions
- $6,751,565
Expenses & distributions
- Benefits paid
- $1,412,180
- Administrative expenses
- $13,125
- Total expenses
- $1,425,305
- Net increase / (decrease)
- $5,326,260
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.
49%51%
Employer 49%Participant 51%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income21%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ace Telephone Association | AUDITOR | $13,125 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $0 | $0 | 2023 |