Beverly Knits Inc. 401k Profit Sharing Plan — Form 5500 plan (Beverly Knits 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, Beverly Knits Inc. 401k Profit Sharing Plan is a benefit plan reported by Beverly Knits Inc. under EIN 56-1268414 and plan number 001. The latest loaded filing year is 2023. The filing reports 261 participants and $4,737,718 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$4.7MPlan net assets, end of year$4,737,718
Participants261Covered participants reported
Assets / participant$18.2KComputed: assets ÷ participants$18,152 (computed)
Provider compensation$16.5K1 Schedule C provider row(s)$16,502
- Plan sponsor
- Beverly Knits Inc.
- EIN
- 56-1268414
- Plan number
- 001
- Plan type
- 2
- Location
- Gastonia, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 261 | H, C | 20241001132445NAL0006804273001 |
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)$4.7M total assets
Net assets$4.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $4,737,718
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,737,718
- Net assets (BOY)
- $4,085,754
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $429,555
- Total contributions
- $439,849
- Total income / additions
- $1,125,519
Expenses & distributions
- Benefits paid
- $448,868
- Administrative expenses
- $5,984
- Total expenses
- $473,555
- Net increase / (decrease)
- $651,964
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.
100%
Employer 0%Participant 100%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income40%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| American United Life Insurance Co | NONE | $2,275 | $14,227 | 2023 |