2023 Form 5500 filing — Dave Syverson Ford, Lincoln, Mercury, Inc. 401(K) Salary Savings And Retirement 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 20240926082548NAL0000239363001) for Dave Syverson Ford, Lincoln, Mercury, Inc. 401(K) Salary Savings And Retirement Plan, reported by Dave Syverson Ford, Lincoln, Mercury, Inc. under EIN 41-0912583 and plan number 001. It reports 160 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$11.3MReported net assets$11,324,498
Participants160
Provider compensation$20.3K1 Schedule C row(s)$20,330
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240926082548NAL0000239363001
- Plan sponsor
- Dave Syverson Ford, Lincoln, Mercury, Inc.
- EIN
- 41-0912583
- Plan number
- 001
- Location
- Albert Lea, MN
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$11.3M total assets
Net assets$11.3MLiabilities$5K
Full reported line items
- Total assets (EOY)
- $11,329,521
- Total liabilities (EOY)
- $5,023
- Net assets (EOY)
- $11,324,498
- Employer contributions
- $241,742
- Participant contributions
- $617,474
- Total income / additions
- $2,620,397
- Benefits paid
- $1,009,195
- Administrative expenses
- $20,330
- Total expenses
- $1,029,525
- Net increase / (decrease)
- $1,590,872
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alerus Financial, N.A. | NONE | $20,330 | $0 |