2023 Form 5500 filing — Twin City Motors, Inc. Asset Accumulation 401(K) Retirement 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 20241011133008NAL0010969747001) for Twin City Motors, Inc. Asset Accumulation 401(K) Retirement Plan, reported by Twin City Motors, Inc. under EIN 62-0562541 and plan number 001. It reports 276 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011133008NAL0010969747001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Twin City Motors, Inc.
- EIN
- 62-0562541
- Plan number
- 001
- Location
- Alcoa, TN
- Participants
- 276
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,306,557
- Net assets (EOY)
- $19,306,557
- Employer contributions
- $677,408
- Participant contributions
- $914,503
- Total income / additions
- $4,012,572
- Benefits paid
- $3,340,659
- Administrative expenses
- $74,080
- Total expenses
- $3,442,711
- Net increase / (decrease)
- $569,861
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capital Group Retirement Plan Servc | CUSTODIAN/RECORDKEEPER | $23,512 | not reported in the loaded dataset |
| Psh Retirement Services, LLC | ADMINISTRATOR | $20,669 | not reported in the loaded dataset |
| Gordon Asset Management | INVESTMENT ADVISOR | $15,000 | not reported in the loaded dataset |
| Vance Cpa | AUDITOR | $12,000 | not reported in the loaded dataset |
| Pinkstaff, Simpson & Headrick Pc | AUDITOR | $7,250 | not reported in the loaded dataset |