Strongwell Corporation 401(K) Profit-Sharing Plan And Trust — Form 5500 plan (Strongwell Corporation)
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, Strongwell Corporation 401(K) Profit-Sharing Plan And Trust is a benefit plan reported by Strongwell Corporation under EIN 54-1670655 and plan number 001. The latest loaded filing year is 2023. The filing reports 579 participants and $83,404,116 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Strongwell Corporation
- EIN
- 54-1670655
- Plan number
- 001
- Plan type
- 2
- Location
- Bristol, VA
- Latest filing year
- 2023
- Participants
- 579
- End-of-year plan assets
- $83,404,116
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 579 | H, C | 20241009143601NAL0010727347004 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $83,404,116
- Net assets (EOY)
- $83,404,116
- Net assets (BOY)
- $78,777,740
Income & contributions
- Employer contributions
- $1,608,535
- Participant contributions
- $1,057,644
- Total contributions
- $2,670,039
- Total income / additions
- $12,685,704
Expenses & distributions
- Benefits paid
- $7,978,180
- Administrative expenses
- $76,891
- Total expenses
- $8,059,328
- Net increase / (decrease)
- $4,626,376
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mvp Plan Administrators, Inc. | THIRD PARTY ADMINISTRATOR | $53,835 | not reported in the loaded dataset | 2023 |
| Charles Schwab Trust Bank | CUSTODIAN | $23,056 | not reported in the loaded dataset | 2023 |