Cloninger Ford, Inc 401(K) Plan — Form 5500 plan (Cloninger Ford, 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, Cloninger Ford, Inc 401(K) Plan is a benefit plan reported by Cloninger Ford, Inc. under EIN 56-1465220 and plan number 001. The latest loaded filing year is 2023. The filing reports 465 participants and $8,349,565 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Cloninger Ford, Inc.
EIN
56-1465220
Plan number
001
Plan type
2
Location
Salisbury, NC
Latest filing year
2023
Participants
465
End-of-year plan assets
$8,349,565

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023465H, C20241003150641NAL0009980529001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$8,349,565
Total liabilities (EOY)
$0
Net assets (EOY)
$8,349,565
Net assets (BOY)
$6,363,350

Income & contributions

Employer contributions
$534,608
Participant contributions
$1,007,082
Total contributions
$1,544,420
Total income / additions
$2,653,528

Expenses & distributions

Benefits paid
$615,124
Administrative expenses
$49,122
Total expenses
$667,313
Net increase / (decrease)
$1,986,215

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
John HancockRECORDKEEPER$27,341$02023
Truist Investment Services, IncRETAINED BY EMPLOYER$20,419not reported in the loaded dataset2023

Related Form 5500 pages