Haywood Vocational Opportunities, Inc. Retirement Plan — Form 5500 plan (Haywood Vocational Opportunities, 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, Haywood Vocational Opportunities, Inc. Retirement Plan is a benefit plan reported by Haywood Vocational Opportunities, Inc. under EIN 56-1651554 and plan number 002. The latest loaded filing year is 2023. The filing reports 372 participants and $7,452,370 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$7.5MPlan net assets, end of year$7,452,370
Participants372Covered participants reported
Assets / participant$20KComputed: assets ÷ participants$20,033 (computed)
Provider compensation$70.9K2 Schedule C provider row(s)$70,941
- Plan sponsor
- Haywood Vocational Opportunities, Inc.
- EIN
- 56-1651554
- Plan number
- 002
- Plan type
- 2
- Location
- Waynesville, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 372 | H, C | 20250409090927NAL0010814323001 |
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)$7.5M total assets
Net assets$7.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $7,452,370
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,452,370
- Net assets (BOY)
- $7,323,117
Income & contributions
- Employer contributions
- $226,477
- Participant contributions
- $361,920
- Total contributions
- $608,132
- Total income / additions
- $1,388,209
Expenses & distributions
- Benefits paid
- $1,187,052
- Administrative expenses
- $70,931
- Total expenses
- $1,258,956
- Net increase / (decrease)
- $129,253
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $35,818 | $0 | 2023 |
| Colton Groome Financial Advisors, L | INVESTMENT ADVISORY | $35,113 | $10 | 2023 |