Gibson Insurance Agency, Inc. 401(K) Plan — Form 5500 plan (Gibson Insurance Agency, 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, Gibson Insurance Agency, Inc. 401(K) Plan is a benefit plan reported by Gibson Insurance Agency, Inc. under EIN 35-1116724 and plan number 002. The latest loaded filing year is 2023. The filing reports 201 participants and $31,962,875 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Gibson Insurance Agency, Inc.
- EIN
- 35-1116724
- Plan number
- 002
- Plan type
- 2
- Location
- South Bend, IN
- Latest filing year
- 2023
- Participants
- 201
- End-of-year plan assets
- $31,962,875
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 201 | H, C | 20241009132656NAL0018407553001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $31,962,875
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,962,875
- Net assets (BOY)
- $27,103,124
Income & contributions
- Employer contributions
- $487,736
- Participant contributions
- $1,634,561
- Total contributions
- $2,623,142
- Total income / additions
- $7,300,065
Expenses & distributions
- Benefits paid
- $2,382,589
- Administrative expenses
- $57,725
- Total expenses
- $2,440,314
- Net increase / (decrease)
- $4,859,751
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Commonwealth Financial Network | INVESTMENT ADVISOR | $45,000 | not reported in the loaded dataset | 2023 |
| Retirement Plan Concepts & Services | CONTRACT ADMIN | $16,861 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $8,273 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Gibson Insurance Agency, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IN
- 401(k) and benefit plan filings in South Bend, IN
- Commonwealth Financial Network — Schedule C compensation
- Retirement Plan Concepts & Services — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation