Tse Industries, Inc. Profit Sharing/401(K) Plan — Form 5500 plan (Tse Industries, 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, Tse Industries, Inc. Profit Sharing/401(K) Plan is a benefit plan reported by Tse Industries, Inc. under EIN 59-1089552 and plan number 001. The latest loaded filing year is 2023. The filing reports 378 participants and $6,493,212 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$6.5MPlan net assets, end of year$6,486,097
Participants378Covered participants reported
Assets / participant$17.2KComputed: assets ÷ participants$17,178 (computed)
Provider compensation$34.3K3 Schedule C provider row(s)$34,300
- Plan sponsor
- Tse Industries, Inc.
- EIN
- 59-1089552
- Plan number
- 001
- Plan type
- 2
- Location
- Clearwater, FL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 378 | H, C | 20240828085552NAL0019295728001 |
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)$6.5M total assets
Net assets$6.5MLiabilities$7.1K
Full reported line items
Net assets
- Total assets (EOY)
- $6,493,212
- Total liabilities (EOY)
- $7,115
- Net assets (EOY)
- $6,486,097
- Net assets (BOY)
- $5,939,723
Income & contributions
- Employer contributions
- $102,400
- Participant contributions
- $675,320
- Total contributions
- $777,720
- Total income / additions
- $1,665,396
Expenses & distributions
- Benefits paid
- $1,084,738
- Administrative expenses
- $34,284
- Total expenses
- $1,119,022
- Net increase / (decrease)
- $546,374
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.
13%87%
Employer 13%Participant 87%
Total expenses ÷ net assets17%Computed ratio
Benefits paid ÷ total income65%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lpl Financial | INVESTMENT ADVISOR | $14,100 | $0 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $11,100 | not reported in the loaded dataset | 2023 |
| Penservco, Inc. | CONTRACT ADM TPA | $9,100 | not reported in the loaded dataset | 2023 |