2023 Form 5500 filing — The Branch Group Inc And Affiliates Employee Stock Ownership And Savings Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240805083117NAL0000944721001) for The Branch Group Inc And Affiliates Employee Stock Ownership And Savings Plan, reported by The Branch Group Inc under EIN 54-6047677 and plan number 003. It reports 1,253 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240805083117NAL0000944721001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Branch Group Inc
- EIN
- 54-6047677
- Plan number
- 003
- Location
- Roanoke, VA
- Participants
- 1,253
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $104,749,380
- Total liabilities (EOY)
- $5,219,594
- Net assets (EOY)
- $99,529,786
- Employer contributions
- $9,165,557
- Participant contributions
- $2,928,691
- Total income / additions
- $28,859,177
- Benefits paid
- $10,909,890
- Administrative expenses
- $115,677
- Total expenses
- $11,191,265
- Net increase / (decrease)
- $17,667,912
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $115,677 | $0 |
| Ti Trust Services | TRUSTEE | $0 | $0 |
| Wilshire Associates Incorporated | INVESTMENT ADVISORY | $0 | $0 |