One 401(K) And Profit Sharing Plan — Form 5500 plan (Our Next Energy, 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, One 401(K) And Profit Sharing Plan is a benefit plan reported by Our Next Energy, Inc. under EIN 85-2051268 and plan number 001. The latest loaded filing year is 2023. The filing reports 161 participants and $7,605,461 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Our Next Energy, Inc.
- EIN
- 85-2051268
- Plan number
- 001
- Plan type
- 2
- Location
- Novi, MI
- Latest filing year
- 2023
- Participants
- 161
- End-of-year plan assets
- $7,605,461
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 161 | H, C | 20241015083018NAL0014250099008 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,605,461
- Net assets (EOY)
- $7,605,461
- Net assets (BOY)
- $3,101,286
Income & contributions
- Participant contributions
- $3,742,272
- Total contributions
- $5,053,578
- Total income / additions
- $5,959,368
Expenses & distributions
- Benefits paid
- $1,405,158
- Administrative expenses
- $50,035
- Total expenses
- $1,455,193
- Net increase / (decrease)
- $4,504,175
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Co. Of Am | RECORDKEEPER | $25,549 | $0 | 2023 |
| Sigma Financial Corporation | INVESTMENT ADVISOR | $20,481 | not reported in the loaded dataset | 2023 |
| Michigan Benefit Consulting, Inc. | CONTRACT ADMIN | $4,005 | $1,601 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Our Next Energy, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Novi, MI
- Empower Annuity Insurance Co. Of Am — Schedule C compensation
- Sigma Financial Corporation — Schedule C compensation
- Michigan Benefit Consulting, Inc. — Schedule C compensation