General Tool 401(K) Plan — Form 5500 plan (General Tool 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, General Tool 401(K) Plan is a benefit plan reported by General Tool Inc under EIN 80-0494601 and plan number 001. The latest loaded filing year is 2023. The filing reports 148 participants and $5,818,878 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- General Tool Inc
- EIN
- 80-0494601
- Plan number
- 001
- Plan type
- 2
- Location
- Irvine, CA
- Latest filing year
- 2023
- Participants
- 148
- End-of-year plan assets
- $5,818,878
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 148 | H, C | 20241013100703NAL0025795137001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,818,878
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,818,878
- Net assets (BOY)
- $4,243,351
Income & contributions
- Employer contributions
- $186,894
- Participant contributions
- $541,676
- Total contributions
- $935,654
- Total income / additions
- $1,776,387
Expenses & distributions
- Benefits paid
- $158,235
- Administrative expenses
- $39,904
- Total expenses
- $200,860
- Net increase / (decrease)
- $1,575,527
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $21,608 | $0 | 2023 |
| Ameriprise Financial | INVESTMENT/FINANCIAL ADVI | $18,295 | $0 | 2023 |