2023 Form 5500 filing — Wellborn Forest Products, Inc. 401(K) 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 20241127074132NAL0012802912001) for Wellborn Forest Products, Inc. 401(K) Plan, reported by Wellborn Forest Products, Inc. under EIN 20-5872901 and plan number 001. It reports 676 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241127074132NAL0012802912001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Wellborn Forest Products, Inc.
- EIN
- 20-5872901
- Plan number
- 001
- Location
- Alexander City, AL
- Participants
- 676
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,700,444
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,700,444
- Employer contributions
- $366,173
- Participant contributions
- $670,442
- Total income / additions
- $2,448,422
- Benefits paid
- $1,449,019
- Administrative expenses
- $9,988
- Total expenses
- $1,488,221
- Net increase / (decrease)
- $960,201
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $9,990 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |