Plan5500

Performance Motors, Inc. Employee Benefit Plan — Form 5500 plan (Performance Motors, 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, Performance Motors, Inc. Employee Benefit Plan is a benefit plan reported by Performance Motors, Inc. under EIN 23-1717547 and plan number 501. The latest loaded filing year is 2023. The filing reports 64 participants and $35,908 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7.2KPlan net assets, end of year$7,197
Participants64Covered participants reported
Assets / participant$561Computed: assets ÷ participants$561 (computed)
Provider compensation$48.5K4 Schedule C provider row(s)$48,513
Plan sponsor
Performance Motors, Inc.
EIN
23-1717547
Plan number
501
Plan type
2
Location
Sinking Spring, PA
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    64 participants · 2Sch ISch C
    View filing →
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)$35.9K total assets
Net assets$7.2KLiabilities$28.7K
Money in vs. money out
Total income / additions$508.6K
Total expenses$478.1K
Benefits paid / distributions$227.8K
Contributions
Employer$331.6K
Participant$175.6K
Full reported line items

Net assets

Total assets (EOY)
$35,908
Total liabilities (EOY)
$28,711
Net assets (EOY)
$7,197
Net assets (BOY)
-$23,339

Income & contributions

Employer contributions
$331,591
Participant contributions
$175,637
Total income / additions
$508,624

Expenses & distributions

Benefits paid
$227,794
Administrative expenses
-$7,559
Total expenses
$478,088
Net increase / (decrease)
$30,536
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 65%Participant 35%
Total expenses ÷ net assets6643%Computed ratio
Benefits paid ÷ total income45%Computed ratio
Provider comp. ÷ net assets674%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Patriot (Power-Kunkle Group, Inc.)$21.9K
    BROKER · Direct $21.9K
  2. 2
    The Benecon Group$14.2K
    BROKER · Direct $14.2K
  3. 3
    Capital Bluecross$8.4K
    ADMIN · Direct $8.4K
  4. 4
    Connectcare3$4K
    PATIENT ADVOCATE · Direct $4K

What to inspect next

Frequently asked questions

Who sponsors the Performance Motors, Inc. Employee Benefit Plan?
Performance Motors, Inc. Employee Benefit Plan is reported as sponsored by Performance Motors, Inc. (EIN 23-1717547, plan number 501) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Performance Motors, Inc. Employee Benefit Plan?
The latest Form 5500 filing year loaded for Performance Motors, Inc. Employee Benefit Plan is 2023.
How many participants does Performance Motors, Inc. Employee Benefit Plan report?
Performance Motors, Inc. Employee Benefit Plan reports 64 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Performance Motors, Inc. Employee Benefit Plan?
Performance Motors, Inc. Employee Benefit Plan reports $35,908 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages