Hobbs & Associates 401(K) Profit Sharing Plan — Form 5500 plan (Hobbs & Associates, 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, Hobbs & Associates 401(K) Profit Sharing Plan is a benefit plan reported by Hobbs & Associates, Inc. under EIN 54-1325478 and plan number 001. The latest loaded filing year is 2023. The filing reports 167 participants and $8,757,651 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hobbs & Associates, Inc.
- EIN
- 54-1325478
- Plan number
- 001
- Plan type
- 2
- Location
- Norfolk, VA
- Latest filing year
- 2023
- Participants
- 167
- End-of-year plan assets
- $8,757,651
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 167 | H, C | 20241015095609NAL0016095155001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,757,651
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,757,651
- Net assets (BOY)
- $5,534,740
Income & contributions
- Employer contributions
- $258,221
- Participant contributions
- $1,159,766
- Total contributions
- $2,231,918
- Total income / additions
- $3,365,652
Expenses & distributions
- Benefits paid
- $140,675
- Administrative expenses
- $2,066
- Total expenses
- $142,741
- Net increase / (decrease)
- $3,222,911
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cherry Bekaert Advisory LLC | CONTRACT ADMINISTRATOR | $900 | $12,580 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $1,160 | $0 | 2023 |
| Morning Investment Management | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Hobbs & Associates, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Norfolk, VA
- Cherry Bekaert Advisory LLC — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation
- Morning Investment Management — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation