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, Hi-Tech Electric, Inc. Savings And Investment Plan is a benefit plan reported by Hi-Tech Electric, Inc. under EIN 76-0115454 and plan number 001. The latest loaded filing year is 2023. The filing reports 270 participants and $32,964,838 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $32,964,838
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,964,838
- Net assets (BOY)
- $29,981,614
Income & contributions
- Employer contributions
- $249,826
- Participant contributions
- $954,608
- Total contributions
- $1,424,394
- Total income / additions
- $7,406,475
Expenses & distributions
- Benefits paid
- $4,345,778
- Administrative expenses
- $77,473
- Total expenses
- $4,423,251
- Net increase / (decrease)
- $2,983,224