Openroad Transportation, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Openroad Transportation, 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, Openroad Transportation, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Openroad Transportation, Inc under EIN 20-1194559 and plan number 001. The latest loaded filing year is 2023. The filing reports 223 participants and $8,794,582 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8.8MPlan net assets, end of year$8,794,582
Participants223Covered participants reported
Assets / participant$39.4KComputed: assets ÷ participants$39,438 (computed)
Provider compensation$64.7K4 Schedule C provider row(s)$64,711
Plan sponsor
Openroad Transportation, Inc
EIN
20-1194559
Plan number
001
Plan type
2
Location
Dallas, OR
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023223H, C20241010084611NAL0019820689001
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)$8.8M total assets
Net assets$8.8MLiabilities$0
Money in vs. money out
Total income / additions$3M
Total expenses$228.5K
Benefits paid / distributions$184.7K
Contributions
Employer$419.9K
Participant$921.1K
Full reported line items

Net assets

Total assets (EOY)
$8,794,582
Total liabilities (EOY)
$0
Net assets (EOY)
$8,794,582
Net assets (BOY)
$6,015,667

Income & contributions

Employer contributions
$419,856
Participant contributions
$921,074
Total contributions
$1,810,782
Total income / additions
$3,007,412

Expenses & distributions

Benefits paid
$184,736
Administrative expenses
$43,761
Total expenses
$228,497
Net increase / (decrease)
$2,778,915

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Co.RECORDKEEPER$33,988$02023
Ameriprise Financial Services, LLCBROKER/ADVISOR$0$16,2702023
Independent Retirement ConsultingCONTRACT ADMIN$1,650$6,7362023
Empower Advisory Group, LLCINVESTMENT MGMT$6,067not reported in the loaded dataset2023

Related Form 5500 pages