2023 Form 5500 filing — First Rate Excavate Inc. Employee Stock Ownership 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 20241029144722NAL0004415665001) for First Rate Excavate Inc. Employee Stock Ownership Plan, reported by First Rate Excavate, Inc. under EIN 46-0366927 and plan number 002. It reports 106 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241029144722NAL0004415665001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Rate Excavate, Inc.
- EIN
- 46-0366927
- Plan number
- 002
- Location
- Sioux Falls, SD
- Participants
- 106
- Schedules available
- Schedule I, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,483,620
- Total liabilities (EOY)
- $5,272,810
- Net assets (EOY)
- $210,810
- Employer contributions
- $135,000
- Total income / additions
- $1,606,258
- Benefits paid
- $1,595
- Administrative expenses
- $55,579
- Total expenses
- $184,748
- Net increase / (decrease)
- $1,421,510
- Schedule source
- Schedule I
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| First Premier Bank | NONE | $43,094 | not reported in the loaded dataset |
| Transition Financial Strategies LLC | NONE | $16,700 | not reported in the loaded dataset |
| Acclaro Valuation Advisors | N/A | $6,000 | not reported in the loaded dataset |