2023 Form 5500 filing — Founders Brewing Company 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 20241009131657NAL0018368113001) for Founders Brewing Company 401(K) Profit Sharing Plan, reported by Canal Street Brewing Co. LLC Dba Founders Brewing Company under EIN 38-3314250 and plan number 001. It reports 699 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)$27.3MReported net assets$27,323,628
Participants699
Provider compensation$174.1K2 Schedule C row(s)$174,096
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20241009131657NAL0018368113001
Plan sponsor
Canal Street Brewing Co. LLC Dba Founders Brewing Company
EIN
38-3314250
Plan number
001
Location
Grand Rapids, MI
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
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)$27.3M total assets
Net assets$27.3MLiabilities$0
Money in vs. money out
Total income / additions$8.3M
Total expenses$3M
Benefits paid / distributions$2.9M
Contributions
Employer$1.1M
Participant$2.5M
Full reported line items
Total assets (EOY)
$27,323,628
Total liabilities (EOY)
$0
Net assets (EOY)
$27,323,628
Employer contributions
$1,109,463
Participant contributions
$2,507,139
Total income / additions
$8,336,550
Benefits paid
$2,873,111
Administrative expenses
$125,001
Total expenses
$2,999,812
Net increase / (decrease)
$5,336,738
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    CONTRACT ADMINISTRATOR · Direct $124.7K · Indirect $0
  2. 2
    INVESTMENT ADVISORY · Direct $0 · Indirect $49.4K

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241009131657NAL0018368113001 cover?
It is the 2023 Form 5500 filing for Founders Brewing Company 401(K) Profit Sharing Plan, reported by Canal Street Brewing Co. LLC Dba Founders Brewing Company (EIN 38-3314250).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages