Spar Group, Inc 401(K) Profit Sharing Plan — Form 5500 plan (Spar Group, 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, Spar Group, Inc 401(K) Profit Sharing Plan is a benefit plan reported by Spar Group, Inc under EIN 33-0684451 and plan number 001. The latest loaded filing year is 2023. The filing reports 3,635 participants and $9,583,811 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Spar Group, Inc
- EIN
- 33-0684451
- Plan number
- 001
- Plan type
- 2
- Location
- Auburn Hills, MI
- Latest filing year
- 2023
- Participants
- 3,635
- End-of-year plan assets
- $9,583,811
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,635 | H, C | 20251015140116NAL0004757937001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,583,811
- Total liabilities (EOY)
- $3,133
- Net assets (EOY)
- $9,580,678
- Net assets (BOY)
- $7,737,696
Income & contributions
- Employer contributions
- $74,907
- Participant contributions
- $975,044
- Total contributions
- $1,088,307
- Total income / additions
- $2,088,074
Expenses & distributions
- Benefits paid
- $1,168,896
- Administrative expenses
- $104,945
- Total expenses
- $1,289,967
- Net increase / (decrease)
- $798,107
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $59,393 | $0 | 2023 |
| Orenda Retirement LLC | CONTRACT ADMINISTRATOR | $25,001 | $1,625 | 2023 |
| Sentinel Pension Advisors Inc | INVESTMENT ADVISORY | $20,298 | $93 | 2023 |
| Side By Side Financials Inc | CONTRACT ADMINISTRATOR | $0 | $8,364 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Spar Group, Inc
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Auburn Hills, MI
- Principal Life Insurance Company — Schedule C compensation
- Orenda Retirement LLC — Schedule C compensation
- Sentinel Pension Advisors Inc — Schedule C compensation
- Side By Side Financials Inc — Schedule C compensation