American Battery Solutions 401(K) Plan — Form 5500 plan (American Battery Solutions, 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, American Battery Solutions 401(K) Plan is a benefit plan reported by American Battery Solutions, Inc. under EIN 83-3191953 and plan number 001. The latest loaded filing year is 2023. The filing reports 246 participants and $10,458,808 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- American Battery Solutions, Inc.
- EIN
- 83-3191953
- Plan number
- 001
- Plan type
- 2
- Location
- Lake Orion, MI
- Latest filing year
- 2023
- Participants
- 246
- End-of-year plan assets
- $10,458,808
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 246 | H, C | 20241011142358NAL0038998032001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,458,808
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,458,808
- Net assets (BOY)
- $5,705,715
Income & contributions
- Employer contributions
- $967,866
- Participant contributions
- $2,471,282
- Total contributions
- $4,232,719
- Total income / additions
- $5,503,098
Expenses & distributions
- Benefits paid
- $568,810
- Administrative expenses
- $37,634
- Total expenses
- $607,718
- Net increase / (decrease)
- $4,895,380
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Channel Wealth, LLC | INVESTMENT ADVISORY | $13,514 | $0 | 2023 |
| John Hancock Life Insurance Company | NONE | $11,833 | $0 | 2023 |
| Economic Group Pension Services | TPA | $8,360 | $0 | 2023 |
| Wilshire Associates, Inc. | INVESTMENT ADVISORY | $3,927 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for American Battery Solutions, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Lake Orion, MI
- Channel Wealth, LLC — Schedule C compensation
- John Hancock Life Insurance Company — Schedule C compensation
- Economic Group Pension Services — Schedule C compensation
- Wilshire Associates, Inc. — Schedule C compensation