Sotherly Hotels Inc. Employee Stock Ownership Plan — Form 5500 plan (Sotherly Hotels 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, Sotherly Hotels Inc. Employee Stock Ownership Plan is a benefit plan reported by Sotherly Hotels Inc. under EIN 20-1965427 and plan number 002. The latest loaded filing year is 2023. The filing reports 11 participants and $982,227 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sotherly Hotels Inc.
- EIN
- 20-1965427
- Plan number
- 002
- Plan type
- 2
- Location
- Williamsburg, VA
- Latest filing year
- 2023
- Participants
- 11
- End-of-year plan assets
- $982,227
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 11 | I | 20240816132859NAL0024693040001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $982,227
- Total liabilities (EOY)
- $1,743,724
- Net assets (EOY)
- -$761,497
- Net assets (BOY)
- -$1,445,079
Income & contributions
- Employer contributions
- $971,027
- Total income / additions
- $762,990
Expenses & distributions
- Benefits paid
- $14,878
- Total expenses
- $79,408
- Net increase / (decrease)
- $683,582
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.