Essential Brands, Inc. 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Essential Brands, 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, Essential Brands, Inc. 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Essential Brands, Inc. under EIN 52-1938283 and plan number 002. The latest loaded filing year is 2023. The filing reports 173 participants and $12,364,463 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$12.4MPlan net assets, end of year$12,364,463
Participants173Covered participants reported
Assets / participant$71.5KComputed: assets ÷ participants$71,471 (computed)
Provider compensation$48.5K5 Schedule C provider row(s)$48,462
Plan sponsor
Essential Brands, Inc.
EIN
52-1938283
Plan number
002
Plan type
2
Location
Abingdon, MD
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023173H, C20240719141829NAL0004477731001
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)$12.4M total assets
Net assets$12.4MLiabilities
Money in vs. money out
Total income / additions$3.8M
Total expenses$263.4K
Benefits paid / distributions$216.1K
Contributions
Employer$411.9K
Participant$1M
Full reported line items

Net assets

Total assets (EOY)
$12,364,463
Net assets (EOY)
$12,364,463
Net assets (BOY)
$8,876,506

Income & contributions

Employer contributions
$411,944
Participant contributions
$1,013,220
Total contributions
$1,860,788
Total income / additions
$3,751,353

Expenses & distributions

Benefits paid
$216,135
Administrative expenses
$47,261
Total expenses
$263,396
Net increase / (decrease)
$3,487,957
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.

Contribution share (employer vs. participant)
Employer 29%Participant 71%
Total expenses ÷ net assets2%Computed ratio
Benefits paid ÷ total income6%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Compton Financial GroupINVESTMENT ADVISOR$35,129not reported in the loaded dataset2023
The Vanguard Group, Inc.RECORDKEEPER$12,433not reported in the loaded dataset2023
Red Oak RetirementCONTRACT TPA$900not reported in the loaded dataset2023
Lpl FinancialINVESTMENT MGMTnot reported in the loaded datasetnot reported in the loaded dataset2023
Ascensus, LLCnot reported in the loaded dataset$0not reported in the loaded dataset2023

Related Form 5500 pages