Gorman Brothers, Inc. Direct Advisors Trust — 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 Brothers, Inc. Direct Advisors Trust is a benefit plan reported by Gorman Bros., Inc. under EIN 14-0704840 and plan number 501. The latest loaded filing year is 2023. The filing reports 166 participants and $15,200 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$15.2KPlan net assets, end of year$15,200
Participants166Covered participants reported
Assets / participant$92Computed: assets ÷ participants$92 (computed)
Provider compensationNone reported
Plan sponsor
Gorman Bros., Inc.
EIN
14-0704840
Plan number
501
Plan type
2
Location
Albany, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023166H20241014092645NAL0045465472001
Schedule H · 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)$15.2K total assets
Net assets$15.2KLiabilities$0
Money in vs. money out
Total income / additions$458.3K
Total expenses$516.2K
Benefits paid / distributions$516.2K
Contributions
Employer$458.3K
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$15,200
Total liabilities (EOY)
$0
Net assets (EOY)
$15,200
Net assets (BOY)
$73,136

Income & contributions

Employer contributions
$458,275
Total contributions
$458,275
Total income / additions
$458,275

Expenses & distributions

Benefits paid
$516,211
Administrative expenses
$0
Total expenses
$516,211
Net increase / (decrease)
-$57,936
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.

Total expenses ÷ net assets3396%Computed ratio
Benefits paid ÷ total income113%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages