2023 Form 5500 filing — Magbee Bros. Lumber And Supply Co., Inc. Profit Sharing 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 20240906145952NAL0002075680001) for Magbee Bros. Lumber And Supply Co., Inc. Profit Sharing Plan, reported by Magbee Bros. Lumber And Supply Company, Inc. under EIN 58-1761636 and plan number 001. It reports 280 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240906145952NAL0002075680001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magbee Bros. Lumber And Supply Company, Inc.
- EIN
- 58-1761636
- Plan number
- 001
- Location
- Winder, GA
- Participants
- 280
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,462,858
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,462,858
- Employer contributions
- $187,406
- Participant contributions
- $765,502
- Total income / additions
- $1,827,131
- Benefits paid
- $1,394,938
- Administrative expenses
- $22,405
- Total expenses
- $1,420,061
- Net increase / (decrease)
- $407,070
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ubs Financial Services Inc | INVESTMENT ADVISORY | $15,223 | $14 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $7,182 | $0 |