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, Townsend Industries, Inc. Profit Sharing Plan is a benefit plan reported by Townsend Industries, Inc. under EIN 77-0032058 and plan number 002. The latest loaded filing year is 2023. The filing reports 278 participants and $6,626,976 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,626,976
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,626,976
- Net assets (BOY)
- $5,610,675
Income & contributions
- Employer contributions
- $108,276
- Participant contributions
- $700,119
- Total contributions
- $808,395
- Total income / additions
- $1,513,307
Expenses & distributions
- Benefits paid
- $427,614
- Administrative expenses
- $45,409
- Total expenses
- $497,006
- Net increase / (decrease)
- $1,016,301