2023 Form 5500 filing — Clipper Petroleum, Inc. Profit Sharing 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 20241223113804NAL0004908179001) for Clipper Petroleum, Inc. Profit Sharing 401(K) Plan, reported by Clipper Petroleum, Inc. under EIN 58-0606187 and plan number 002. It reports 271 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241223113804NAL0004908179001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Clipper Petroleum, Inc.
- EIN
- 58-0606187
- Plan number
- 002
- Location
- Flowery Branch, GA
- Participants
- 271
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,686,216
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,686,216
- Employer contributions
- $153,863
- Participant contributions
- $394,944
- Total income / additions
- $1,514,578
- Benefits paid
- $467,263
- Administrative expenses
- $43,945
- Total expenses
- $511,208
- Net increase / (decrease)
- $1,003,370
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ubs Financial Services, Inc. | NONE | $28,614 | not reported in the loaded dataset |
| Cpi Qualified Plan Consultants, Inc | NONE | $16,976 | not reported in the loaded dataset |