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, Open Loop Energy, Inc. Retirement Savings Plan is a benefit plan reported by Open Loop Energy, Inc. under EIN 86-0701324 and plan number 001. The latest loaded filing year is 2023. The filing reports 213 participants and $7,142,441 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,142,441
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,142,441
- Net assets (BOY)
- $6,016,515
Income & contributions
- Employer contributions
- $445,852
- Participant contributions
- $884,891
- Total contributions
- $1,591,609
- Total income / additions
- $2,690,014
Expenses & distributions
- Benefits paid
- $1,489,783
- Administrative expenses
- $55,960
- Total expenses
- $1,564,088
- Net increase / (decrease)
- $1,125,926