New Directions Technologies, Inc 401k Plan — Form 5500 plan (New Directions Technologies)

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, New Directions Technologies, Inc 401k Plan is a benefit plan reported by New Directions Technologies under EIN 95-4405570 and plan number 001. The latest loaded filing year is 2023. The filing reports 402 participants and $19,507,311 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
New Directions Technologies
EIN
95-4405570
Plan number
001
Plan type
2
Location
Ridgecrest, CA
Latest filing year
2023
Participants
402
End-of-year plan assets
$19,507,311

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023402H, C20240826101021NAL0009590945001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$19,507,311
Total liabilities (EOY)
$158,182
Net assets (EOY)
$19,349,129
Net assets (BOY)
$16,292,895

Income & contributions

Employer contributions
$717,092
Participant contributions
$1,597,954
Total contributions
$2,824,416
Total income / additions
$5,575,026

Expenses & distributions

Benefits paid
$2,458,265
Administrative expenses
$44,132
Total expenses
$2,518,792
Net increase / (decrease)
$3,056,234

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Alerus Financial, N.A.NONE$44,132$02023

Related Form 5500 pages