2023 Form 5500 filing — Vern Eide Motorcars, Inc. 401k 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 20241009102817NAL0010524947001) for Vern Eide Motorcars, Inc. 401k Plan, reported by Vern Eide Motorcars, Inc. under EIN 46-0281291 and plan number 001. It reports 551 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 3 · 2023
Filing snapshot
Net assets (EOY)$28.4MReported net assets$28,439,673
Participants551
Provider compensation$5.3K1 Schedule C row(s)$5,250
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241009102817NAL0010524947001
- Plan sponsor
- Vern Eide Motorcars, Inc.
- EIN
- 46-0281291
- Plan number
- 001
- Location
- Sioux Falls, SD
- 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)$28.4M total assets
Net assets$28.4MLiabilities—
Full reported line items
- Total assets (EOY)
- $28,439,673
- Net assets (EOY)
- $28,439,673
- Employer contributions
- $606,629
- Participant contributions
- $2,040,919
- Total income / additions
- $6,551,479
- Benefits paid
- $2,691,089
- Administrative expenses
- $154,067
- Total expenses
- $2,845,694
- Net increase / (decrease)
- $3,705,785
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Life Insurance Company | RECORD | $5,250 | $0 |