2023 Form 5500 filing — Strongwell Corporation 401(K) Profit-Sharing Plan And 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 20241009143601NAL0010727347004) for Strongwell Corporation 401(K) Profit-Sharing Plan And Trust, reported by Strongwell Corporation under EIN 54-1670655 and plan number 001. It reports 579 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009143601NAL0010727347004
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Strongwell Corporation
- EIN
- 54-1670655
- Plan number
- 001
- Location
- Bristol, VA
- Participants
- 579
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $83,404,116
- Net assets (EOY)
- $83,404,116
- Employer contributions
- $1,608,535
- Participant contributions
- $1,057,644
- Total income / additions
- $12,685,704
- Benefits paid
- $7,978,180
- Administrative expenses
- $76,891
- Total expenses
- $8,059,328
- Net increase / (decrease)
- $4,626,376
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mvp Plan Administrators, Inc. | THIRD PARTY ADMINISTRATOR | $53,835 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | CUSTODIAN | $23,056 | not reported in the loaded dataset |