Elevate Textiles 401(K) Retirement Plan — Form 5500 plan (Elevate Textiles, 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, Elevate Textiles 401(K) Retirement Plan is a benefit plan reported by Elevate Textiles, Inc. under EIN 33-0596831 and plan number 018. The latest loaded filing year is 2023. The filing reports 3,606 participants and $219,392,597 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$219.4MPlan net assets, end of year$219,392,597
Participants3.6KCovered participants reported3,606
Assets / participant$60.8KComputed: assets ÷ participants$60,841 (computed)
Provider compensation$251.4K2 Schedule C provider row(s)$251,450
- Plan sponsor
- Elevate Textiles, Inc.
- EIN
- 33-0596831
- Plan number
- 018
- Plan type
- 2
- Location
- Charlotte, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,606 | H, C | 20240924081321NAL0012514881001 |
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)$219.4M total assets
Net assets$219.4MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $219,392,597
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $219,392,597
- Net assets (BOY)
- $201,593,095
Income & contributions
- Employer contributions
- $4,045,088
- Participant contributions
- $6,897,617
- Total contributions
- $11,437,007
- Total income / additions
- $44,475,917
Expenses & distributions
- Benefits paid
- $26,424,965
- Administrative expenses
- $251,450
- Total expenses
- $26,676,415
- Net increase / (decrease)
- $17,799,502
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.
37%63%
Employer 37%Participant 63%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income59%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| T Rowe Price Rps Inc | NONE | $205,607 | $0 | 2023 |
| Financial Engines | NONE | $45,843 | not reported in the loaded dataset | 2023 |