2023 Form 5500 filing — Central Mcgowan, 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 20241014080011NAL0014624595001) for Central Mcgowan, Inc. 401(K) And Profit Sharing Plan, reported by Central Mcgowan, Inc. under EIN 41-0873429 and plan number 002. It reports 159 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014080011NAL0014624595001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Central Mcgowan, Inc.
- EIN
- 41-0873429
- Plan number
- 002
- Location
- St Cloud, MN
- Participants
- 159
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,405,498
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,405,498
- Employer contributions
- $504,673
- Participant contributions
- $670,751
- Total income / additions
- $3,729,661
- Benefits paid
- $2,099,552
- Administrative expenses
- $43,080
- Total expenses
- $2,142,632
- Net increase / (decrease)
- $1,587,029
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alerus Financial, N.A. | NONE | $31,617 | $0 |
| Ledge Wealth Management, Inc. | NONE | $18,518 | not reported in the loaded dataset |