First Rate Excavate Inc. Employee Stock Ownership Plan — Form 5500 plan (First Rate Excavate, 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, First Rate Excavate Inc. Employee Stock Ownership Plan is a benefit plan reported by First Rate Excavate, Inc. under EIN 46-0366927 and plan number 002. The latest loaded filing year is 2023. The filing reports 106 participants and $5,483,620 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Rate Excavate, Inc.
- EIN
- 46-0366927
- Plan number
- 002
- Plan type
- 2
- Location
- Sioux Falls, SD
- Latest filing year
- 2023
- Participants
- 106
- End-of-year plan assets
- $5,483,620
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 106 | I, C | 20241029144722NAL0004415665001 |
| 2023 | 96 | I, C | 20241029145051NAL0002719923001 |
| 2023 | 90 | I, C | 20241029145318NAL0002822387001 |
| 2023 | 83 | I, C | 20241029145529NAL0004440833001 |
| 2023 | 144 | I, C | 20241015150153NAL0030078417001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $5,483,620
- Total liabilities (EOY)
- $5,272,810
- Net assets (EOY)
- $210,810
- Net assets (BOY)
- -$1,210,700
Income & contributions
- Employer contributions
- $135,000
- Total income / additions
- $1,606,258
Expenses & distributions
- Benefits paid
- $1,595
- Administrative expenses
- $55,579
- Total expenses
- $184,748
- Net increase / (decrease)
- $1,421,510
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| First Premier Bank | NONE | $43,094 | not reported in the loaded dataset | 2023 |
| Transition Financial Strategies LLC | NONE | $16,700 | not reported in the loaded dataset | 2023 |
| Acclaro Valuation Advisors | N/A | $6,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First Rate Excavate, Inc.
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- Form 5500 filings in SD
- 401(k) and benefit plan filings in Sioux Falls, SD
- First Premier Bank — Schedule C compensation
- Transition Financial Strategies LLC — Schedule C compensation
- Acclaro Valuation Advisors — Schedule C compensation