B.V. Hedrick Gravel And Sand Company Salary Deferral And Profit Sharing Plan — Form 5500 plan (B.V. Hedrick Gravel And Sand Company)
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, B.V. Hedrick Gravel And Sand Company Salary Deferral And Profit Sharing Plan is a benefit plan reported by B.V. Hedrick Gravel And Sand Company under EIN 56-0257665 and plan number 002. The latest loaded filing year is 2023. The filing reports 174 participants and $11,968,880 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- B.V. Hedrick Gravel And Sand Company
- EIN
- 56-0257665
- Plan number
- 002
- Plan type
- 2
- Location
- Salisbury, NC
- Latest filing year
- 2023
- Participants
- 174
- End-of-year plan assets
- $11,968,880
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 174 | H, C | 20240626160032NAL0008802497001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,968,880
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,968,880
- Net assets (BOY)
- $9,616,430
Income & contributions
- Employer contributions
- $877,800
- Participant contributions
- $711,551
- Total contributions
- $1,592,147
- Total income / additions
- $3,003,055
Expenses & distributions
- Benefits paid
- $561,333
- Administrative expenses
- $50,998
- Total expenses
- $650,605
- Net increase / (decrease)
- $2,352,450
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $50,998 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |