2023 Form 5500 filing — Adams Electric Company, Inc. 401(K) Retirement 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 20250505081145NAL0005082995001) for Adams Electric Company, Inc. 401(K) Retirement Plan, reported by Adams Electric Company, Inc. under EIN 56-0693887 and plan number 001. It reports 461 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250505081145NAL0005082995001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Adams Electric Company, Inc.
- EIN
- 56-0693887
- Plan number
- 001
- Location
- Greensboro, NC
- Participants
- 461
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,488,151
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,488,151
- Employer contributions
- $303,621
- Participant contributions
- $831,061
- Total income / additions
- $2,321,564
- Benefits paid
- $1,113,259
- Administrative expenses
- $10,924
- Total expenses
- $1,138,525
- Net increase / (decrease)
- $1,183,039
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fund Direct Advisors | NONE | $12,149 | not reported in the loaded dataset |
| Stanley Benefits | NONE | $684 | not reported in the loaded dataset |