Greater Richmond Business, Inc. Cash Or Deferral Proftt Sharing Plan — Form 5500 plan (Greater Richmond Business, 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, Greater Richmond Business, Inc. Cash Or Deferral Proftt Sharing Plan is a benefit plan reported by Greater Richmond Business, Inc. under EIN 54-1308407 and plan number 002. The latest loaded filing year is 2023. The filing reports 161 participants and $13,507,573 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Greater Richmond Business, Inc.
EIN
54-1308407
Plan number
002
Plan type
2
Location
Richmond, VA
Latest filing year
2023
Participants
161
End-of-year plan assets
$13,507,573

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023161H, C20241006111651NAL0025272176001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$13,507,573
Total liabilities (EOY)
$0
Net assets (EOY)
$13,507,573
Net assets (BOY)
$12,970,169

Income & contributions

Employer contributions
$166,253
Participant contributions
$628,756
Total contributions
$805,928
Total income / additions
$2,785,093

Expenses & distributions

Benefits paid
$2,177,670
Administrative expenses
$68,722
Total expenses
$2,247,689
Net increase / (decrease)
$537,404

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$68,721$02023
Tbs Agency IncOTHER SERVICES$0$14,0522023
Wilshire Advisors LLCINVESTMENT ADVISORY$0$02023

Related Form 5500 pages