Weg U.S. 401(K) Retirement 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 U.S. 401(K) Retirement Plan is a benefit plan reported by Weg Electric Corp. under EIN 65-0280210 and plan number 002. The latest loaded filing year is 2023. The filing reports 980 participants and $69,228,227 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
- 002
- Plan type
- 2
- Location
- Duluth, GA
- Latest filing year
- 2023
- Participants
- 980
- End-of-year plan assets
- $69,228,227
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 980 | H, C | 20241014150331NAL0052809746001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $69,228,227
- Total liabilities (EOY)
- $103,685
- Net assets (EOY)
- $69,124,542
- Net assets (BOY)
- $58,315,925
Income & contributions
- Employer contributions
- $1,718,257
- Participant contributions
- $4,954,918
- Total contributions
- $7,092,834
- Total income / additions
- $18,097,329
Expenses & distributions
- Benefits paid
- $7,111,438
- Administrative expenses
- $126,936
- Total expenses
- $7,288,712
- Net increase / (decrease)
- $10,808,617
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $101,896 | $0 | 2023 |
| Cambridge Investment Research Inc | INVESTMENT ADVISOR | $25,040 | not reported in the loaded dataset | 2023 |