Weg Electric Corp. Retirement Readiness 401(K) Plan — Form 5500 plan (Weg Electric Corp.)
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, Weg Electric Corp. Retirement Readiness 401(K) Plan is a benefit plan reported by Weg Electric Corp. under EIN 65-0280210 and plan number 001. The latest loaded filing year is 2023. The filing reports 347 participants and $4,708,449 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Weg Electric Corp.
- EIN
- 65-0280210
- Plan number
- 001
- Plan type
- 2
- Location
- Bluffton, IN
- Latest filing year
- 2023
- Participants
- 347
- End-of-year plan assets
- $4,708,449
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 347 | H, C | 20241014070032NAL0026738049001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,708,449
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,708,449
- Net assets (BOY)
- $4,287,787
Income & contributions
- Employer contributions
- $338,171
- Participant contributions
- $201,659
- Total contributions
- $539,830
- Total income / additions
- $1,069,848
Expenses & distributions
- Benefits paid
- $620,940
- Administrative expenses
- $28,246
- Total expenses
- $649,186
- Net increase / (decrease)
- $420,662
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pensionmark Financial Group, LLC | INVESTMENT ADVISOR | $10,314 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $9,627 | $0 | 2023 |
| Retirement Plan Concepts & Services | CONTRACT ADMIN | $5,448 | $4,039 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $3,008 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Weg Electric Corp.
- 2023 Form 5500 filing
- Form 5500 filings in IN
- 401(k) and benefit plan filings in Bluffton, IN
- Pensionmark Financial Group, LLC — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Retirement Plan Concepts & Services — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation