2023 Form 5500 filing — Bob Sumerel Tire Co., Inc 401(K) And 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 20241011145904NAL0039127040001) for Bob Sumerel Tire Co., Inc 401(K) And Profit Sharing Plan, reported by Bob Sumerel Tire Company under EIN 31-0807676 and plan number 001. It reports 407 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011145904NAL0039127040001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bob Sumerel Tire Company
- EIN
- 31-0807676
- Plan number
- 001
- Location
- Erlanger, KY
- Participants
- 407
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,240,007
- Total liabilities (EOY)
- $29,912
- Net assets (EOY)
- $12,210,095
- Employer contributions
- $249,210
- Participant contributions
- $1,050,299
- Total income / additions
- $3,188,385
- Benefits paid
- $2,113,351
- Administrative expenses
- $9,200
- Total expenses
- $2,122,551
- Net increase / (decrease)
- $1,065,834
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Morgan Stanley Smith Barney | ADVISOR | $0 | $27,551 |
| Fidelity Investments Institutional | RECORDKEEPER | $9,200 | $0 |