Westmoreland Electric Services 401(K) Profit Sharing Plan — Form 5500 plan (Westmoreland Electric Services, 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, Westmoreland Electric Services 401(K) Profit Sharing Plan is a benefit plan reported by Westmoreland Electric Services, LLC under EIN 47-2638135 and plan number 003. The latest loaded filing year is 2023. The filing reports 174 participants and $17,502,725 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Westmoreland Electric Services, LLC
EIN
47-2638135
Plan number
003
Plan type
2
Location
Tarrs, PA
Latest filing year
2023
Participants
174
End-of-year plan assets
$17,502,725

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023174H, C20241003092127NAL0016744336001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$17,502,725
Total liabilities (EOY)
$0
Net assets (EOY)
$17,502,725
Net assets (BOY)
$14,288,826

Income & contributions

Employer contributions
$920,195
Participant contributions
$397,341
Total contributions
$1,413,096
Total income / additions
$3,936,599

Expenses & distributions

Benefits paid
$617,065
Administrative expenses
$105,635
Total expenses
$722,700
Net increase / (decrease)
$3,213,899

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Lincoln National CorporationSERVICE PROVIDER$103,835$02023
M2b Retirement ConsultingTPA$9,475$02023

Related Form 5500 pages