Localtel Communications 401(K) Profit Sharing Plan — Form 5500 plan (Computer 5, Inc., Dba Localtel Communications)

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, Localtel Communications 401(K) Profit Sharing Plan is a benefit plan reported by Computer 5, Inc., Dba Localtel Communications under EIN 91-1211461 and plan number 001. The latest loaded filing year is 2023. The filing reports 182 participants and $7,533,473 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7.5MPlan net assets, end of year$7,533,473
Participants182Covered participants reported
Assets / participant$41.4KComputed: assets ÷ participants$41,393 (computed)
Provider compensationNone reported
Plan sponsor
Computer 5, Inc., Dba Localtel Communications
EIN
91-1211461
Plan number
001
Plan type
2
Location
East Wenatchee, WA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023182H20240920124225NAL0015436946001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$7.5M total assets
Net assets$7.5MLiabilities$0
Money in vs. money out
Total income / additions$2M
Total expenses$638.5K
Benefits paid / distributions$570.3K
Contributions
Employer$319.9K
Participant$512.9K
Full reported line items

Net assets

Total assets (EOY)
$7,533,473
Total liabilities (EOY)
$0
Net assets (EOY)
$7,533,473
Net assets (BOY)
$6,157,334

Income & contributions

Employer contributions
$319,918
Participant contributions
$512,897
Total contributions
$832,815
Total income / additions
$2,014,594

Expenses & distributions

Benefits paid
$570,255
Administrative expenses
$68,200
Total expenses
$638,455
Net increase / (decrease)
$1,376,139
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 38%Participant 62%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income28%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages