Plan5500

Gorman Bros. , Inc. Profit Sharing Plan — Form 5500 plan (Gorman Bros., 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, Gorman Bros. , Inc. Profit Sharing Plan is a benefit plan reported by Gorman Bros., Inc. under EIN 14-0704840 and plan number 001. The latest loaded filing year is 2023. The filing reports 316 participants and $32,265,713 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Gorman Bros., Inc.
EIN
14-0704840
Plan number
001
Plan type
2
Location
Albany, NY
Latest filing year
2023
Participants
316
End-of-year plan assets
$32,265,713

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023316H, C20241014104019NAL0027052913001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$32,265,713
Total liabilities (EOY)
$0
Net assets (EOY)
$32,265,713
Net assets (BOY)
$29,649,883

Income & contributions

Employer contributions
$1,504,470
Participant contributions
$778,098
Total contributions
$2,283,687
Total income / additions
$7,327,916

Expenses & distributions

Benefits paid
$4,579,309
Administrative expenses
$132,777
Total expenses
$4,712,086
Net increase / (decrease)
$2,615,830

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Direct Advisors, LLCNONE$76,834not reported in the loaded dataset2023
Chemung Canal Trust CompanyNONE$44,943not reported in the loaded dataset2023
Brown & Fitzgerald, P.C.NONE$11,000not reported in the loaded dataset2023

Related Form 5500 pages