Gare, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Gare, Inc.)

Plain-English plan 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, Gare, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Gare, Inc. under EIN 04-2798300 and plan number 001. The latest loaded filing year is 2023. The filing reports 32 participants and $3,738,177 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.7MPlan net assets, end of year$3,738,177
Participants32Covered participants reported
Assets / participant$116.8KComputed: assets ÷ participants$116,818 (computed)
Provider compensationNone reported
Plan sponsor
Gare, Inc.
EIN
04-2798300
Plan number
001
Plan type
2
Location
Haverhill, MA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202332I20240522095621NAL0003708689001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$3.7M total assets
Net assets$3.7MLiabilities$0
Money in vs. money out
Total income / additions$639.8K
Total expenses$1.2M
Benefits paid / distributions$1.2M
Contributions
Employer$42K
Participant$177.2K
Full reported line items

Net assets

Total assets (EOY)
$3,738,177
Total liabilities (EOY)
$0
Net assets (EOY)
$3,738,177
Net assets (BOY)
$4,319,187

Income & contributions

Employer contributions
$42,002
Participant contributions
$177,212
Total income / additions
$639,759

Expenses & distributions

Benefits paid
$1,220,663
Administrative expenses
$106
Total expenses
$1,220,769
Net increase / (decrease)
-$581,010
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 19%Participant 81%
Total expenses ÷ net assets33%Computed ratio
Benefits paid ÷ total income191%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages