Befco Engineering Inc. 401(K) Plan — Form 5500 plan (Befco Engineering 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, Befco Engineering Inc. 401(K) Plan is a benefit plan reported by Befco Engineering Inc under EIN 74-2211855 and plan number 001. The latest loaded filing year is 2023. The filing reports 15 participants and $6,953,161 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7MPlan net assets, end of year$6,953,161
Participants15Covered participants reported
Assets / participant$463.5KComputed: assets ÷ participants$463,544 (computed)
Provider compensationNone reported
Plan sponsor
Befco Engineering Inc
EIN
74-2211855
Plan number
001
Plan type
2
Location
La Grange, TX
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202315I20240620132154NAL0001465217001
Schedule I · 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)$7M total assets
Net assets$7MLiabilities$0
Money in vs. money out
Total income / additions$1.4M
Total expenses$55.3K
Benefits paid / distributions$55.1K
Contributions
Employer$191K
Participant$198.6K
Full reported line items

Net assets

Total assets (EOY)
$6,953,161
Total liabilities (EOY)
$0
Net assets (EOY)
$6,953,161
Net assets (BOY)
$5,611,642

Income & contributions

Employer contributions
$190,974
Participant contributions
$198,572
Total income / additions
$1,396,782

Expenses & distributions

Benefits paid
$55,138
Administrative expenses
$125
Total expenses
$55,263
Net increase / (decrease)
$1,341,519
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.

Contribution share (employer vs. participant)
Employer 49%Participant 51%
Total expenses ÷ net assets1%Computed ratio
Benefits paid ÷ total income4%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages