401(K) Profit Sharing Plan For Employees Of The Southwestern Child Development Commission, Inc. — Form 5500 plan (The Southwestern Child Develop)

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, 401(K) Profit Sharing Plan For Employees Of The Southwestern Child Development Commission, Inc. is a benefit plan reported by The Southwestern Child Develop under EIN 23-7181553 and plan number 002. The latest loaded filing year is 2023. The filing reports 251 participants and $2,908,992 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.9MPlan net assets, end of year$2,908,992
Participants251Covered participants reported
Assets / participant$11.6KComputed: assets ÷ participants$11,590 (computed)
Provider compensation$9621 Schedule C provider row(s)
Plan sponsor
The Southwestern Child Develop
EIN
23-7181553
Plan number
002
Plan type
2
Location
Webster, NC
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023251H, C20251015120951NAL0006207952001
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)$2.9M total assets
Net assets$2.9MLiabilities$0
Money in vs. money out
Total income / additions$567.9K
Total expenses$179.8K
Benefits paid / distributions$176.3K
Contributions
Employer$65.5K
Participant$115.9K
Full reported line items

Net assets

Total assets (EOY)
$2,908,992
Total liabilities (EOY)
$0
Net assets (EOY)
$2,908,992
Net assets (BOY)
$2,520,910

Income & contributions

Employer contributions
$65,477
Participant contributions
$115,860
Total contributions
$181,337
Total income / additions
$567,854

Expenses & distributions

Benefits paid
$176,343
Administrative expenses
$1,066
Total expenses
$179,788
Net increase / (decrease)
$388,066
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 36%Participant 64%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income31%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Mutual Of America Investment CorpINSURANCE CARRIER$962$02023

Related Form 5500 pages