Plan5500

Processbarron 401(K) Plan — Form 5500 plan (Process Equipment, 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, Processbarron 401(K) Plan is a benefit plan reported by Process Equipment, Inc. under EIN 63-0799730 and plan number 001. The latest loaded filing year is 2023. The filing reports 561 participants and $17,853,339 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Process Equipment, Inc.
EIN
63-0799730
Plan number
001
Plan type
2
Location
Pelham, AL
Latest filing year
2023
Participants
561
End-of-year plan assets
$17,853,339

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023561H, C20250728090235NAL0001740753001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$17,853,339
Total liabilities (EOY)
$0
Net assets (EOY)
$17,853,339
Net assets (BOY)
$13,682,669

Income & contributions

Employer contributions
$942,993
Participant contributions
$1,973,239
Total contributions
$2,989,821
Total income / additions
$5,437,824

Expenses & distributions

Benefits paid
$1,175,251
Administrative expenses
$35,946
Total expenses
$1,267,154
Net increase / (decrease)
$4,170,670

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$35,946$02023

Related Form 5500 pages