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, Southgate Automotive, Inc. 401(K) Plan & Trust is a benefit plan reported by Southgate Automotive, Inc. under EIN 38-2452677 and plan number 002. The latest loaded filing year is 2023. The filing reports 208 participants and $13,509,641 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,509,641
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,509,641
- Net assets (BOY)
- $11,710,222
Income & contributions
- Employer contributions
- $130,557
- Participant contributions
- $514,219
- Total contributions
- $878,114
- Total income / additions
- $3,869,075
Expenses & distributions
- Benefits paid
- $2,036,260
- Administrative expenses
- $3,711
- Total expenses
- $2,069,656
- Net increase / (decrease)
- $1,799,419