Farwest Corrosion Control Company 401(K) Salary Reduction Plan — Form 5500 plan (Farwest Corrosion Control Company)
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, Farwest Corrosion Control Company 401(K) Salary Reduction Plan is a benefit plan reported by Farwest Corrosion Control Company under EIN 91-0651525 and plan number 001. The latest loaded filing year is 2023. The filing reports 160 participants and $7,505,758 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Farwest Corrosion Control Company
- EIN
- 91-0651525
- Plan number
- 001
- Plan type
- 2
- Location
- Downey, CA
- Latest filing year
- 2023
- Participants
- 160
- End-of-year plan assets
- $7,505,758
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 160 | H, C | 20240813132856NAL0018358512001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,505,758
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,505,758
- Net assets (BOY)
- $6,423,410
Income & contributions
- Employer contributions
- $130,620
- Participant contributions
- $575,567
- Total contributions
- $706,187
- Total income / additions
- $1,815,176
Expenses & distributions
- Benefits paid
- $727,020
- Administrative expenses
- $3,253
- Total expenses
- $732,828
- Net increase / (decrease)
- $1,082,348
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Minnesota Life Insurance Company | NONE | $3,253 | $0 | 2023 |