2023 Form 5500 filing — G&B Oil Company, Inc. 401(K) 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 20241003134331NAL0010624817001) for G&B Oil Company, Inc. 401(K) Profit Sharing Plan, reported by G & B Oil Company, Inc. under EIN 56-0792075 and plan number 003. It reports 173 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241003134331NAL0010624817001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- G & B Oil Company, Inc.
- EIN
- 56-0792075
- Plan number
- 003
- Location
- Elkin, NC
- Participants
- 173
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,076,100
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,076,100
- Employer contributions
- $345,090
- Participant contributions
- $748,024
- Total income / additions
- $3,099,072
- Benefits paid
- $1,001,867
- Administrative expenses
- $33,716
- Total expenses
- $1,035,583
- Net increase / (decrease)
- $2,063,489
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $33,693 | $0 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |