2023 Form 5500 filing — Beard Equipment Company 401(K) Profit Sharing Plan & Trust
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 20241008083416NAL0029392576001) for Beard Equipment Company 401(K) Profit Sharing Plan & Trust, reported by Beard Holding, Inc. Dba Beard Equipment Company under EIN 63-1224274 and plan number 001. It reports 418 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008083416NAL0029392576001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Beard Holding, Inc. Dba Beard Equipment Company
- EIN
- 63-1224274
- Plan number
- 001
- Location
- Mobile, AL
- Participants
- 418
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $32,957,295
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,957,295
- Employer contributions
- $963,203
- Participant contributions
- $1,754,118
- Total income / additions
- $8,084,250
- Benefits paid
- $974,768
- Administrative expenses
- $110,324
- Total expenses
- $1,087,496
- Net increase / (decrease)
- $6,996,754
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Hancock Whitney Bank | INVESTMENT ADVISOR | $84,223 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $19,603 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $6,498 | $0 |