Meekhof Tire 401(K) Plan — Form 5500 plan (Meekhof Tire Sales & Service, 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, Meekhof Tire 401(K) Plan is a benefit plan reported by Meekhof Tire Sales & Service, Inc. under EIN 38-2086651 and plan number 001. The latest loaded filing year is 2023. The filing reports 206 participants and $8,898,212 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8.9MPlan net assets, end of year$8,898,212
Participants206Covered participants reported
Assets / participant$43.2KComputed: assets ÷ participants$43,195 (computed)
Provider compensation$65.4K2 Schedule C provider row(s)$65,367
- Plan sponsor
- Meekhof Tire Sales & Service, Inc.
- EIN
- 38-2086651
- Plan number
- 001
- Plan type
- 2
- Location
- Grand Rapids, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 206 | H, C | 20241015103336NAL0016155107001 |
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)$8.9M total assets
Net assets$8.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $8,898,212
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,898,212
- Net assets (BOY)
- $6,410,288
Income & contributions
- Employer contributions
- $1,720,320
- Participant contributions
- $401,825
- Total contributions
- $2,122,145
- Total income / additions
- $2,948,330
Expenses & distributions
- Benefits paid
- $404,420
- Administrative expenses
- $55,986
- Total expenses
- $460,406
- Net increase / (decrease)
- $2,487,924
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.
81%19%
Employer 81%Participant 19%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income14%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $55,986 | $0 | 2023 |
| Sbhu Life Agency Inc | OTHER SERVICES | $0 | $9,381 | 2023 |