Double Radius, Inc Employee Stock Ownership Plan — Form 5500 plan (Double Radius, Inc Employee Stock Ownership Plan)

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, Double Radius, Inc Employee Stock Ownership Plan is a benefit plan reported by Double Radius, Inc Employee Stock Ownership Plan under EIN 56-2242678 and plan number 002. The latest loaded filing year is 2023. The filing reports 58 participants and $306,328 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$306.3KPlan net assets, end of year$306,328
Participants58Covered participants reported
Assets / participant$5.3KComputed: assets ÷ participants$5,282 (computed)
Provider compensationNone reported
Plan sponsor
Double Radius, Inc Employee Stock Ownership Plan
EIN
56-2242678
Plan number
002
Plan type
2
Location
Indian Trail, NC
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202358I20241014133242NAL0027398961001
Schedule I · 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)$306.3K total assets
Net assets$306.3KLiabilities$0
Money in vs. money out
Total income / additions$13.5M
Total expenses$1.2M
Benefits paid / distributions$1.2M
Contributions
Employer$14.6K
Participant$0
Full reported line items

Net assets

Total assets (EOY)
$306,328
Total liabilities (EOY)
$0
Net assets (EOY)
$306,328
Net assets (BOY)
-$12,007,652

Income & contributions

Employer contributions
$14,573
Participant contributions
$0
Total income / additions
$13,528,555

Expenses & distributions

Benefits paid
$1,214,553
Administrative expenses
$0
Total expenses
$1,214,575
Net increase / (decrease)
$12,313,980
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.

Contribution share (employer vs. participant)
Employer 100%Participant 0%
Total expenses ÷ net assets396%Computed ratio
Benefits paid ÷ total income9%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages