Heritage Group Profit Sharing Plan — Form 5500 plan (Heritage Encon Group, 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, Heritage Group Profit Sharing Plan is a benefit plan reported by Heritage Encon Group, Inc. under EIN 56-1804481 and plan number 001. The latest loaded filing year is 2023. The filing reports 339 participants and $7,226,667 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$7.2MPlan net assets, end of year$7,226,667
Participants339Covered participants reported
Assets / participant$21.3KComputed: assets ÷ participants$21,318 (computed)
Provider compensation$15.6K2 Schedule C provider row(s)$15,632
- Plan sponsor
- Heritage Encon Group, Inc.
- EIN
- 56-1804481
- Plan number
- 001
- Plan type
- 2
- Location
- Charlotte, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 339 | H, C | 20241010133808NAL0010034243001 |
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)$7.2M total assets
Net assets$7.2MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $7,226,667
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,226,667
- Net assets (BOY)
- $9,176,167
Income & contributions
- Employer contributions
- $739,757
- Participant contributions
- $195,635
- Total contributions
- $1,069,362
- Total income / additions
- $2,186,676
Expenses & distributions
- Benefits paid
- $4,134,161
- Administrative expenses
- $2,015
- Total expenses
- $4,136,176
- Net increase / (decrease)
- -$1,949,500
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.
79%21%
Employer 79%Participant 21%
Total expenses ÷ net assets57%Computed ratio
Benefits paid ÷ total income189%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wells Fargo Advisors LLC | BROKER/ADVISER | $0 | $13,617 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $2,015 | $0 | 2023 |