Venture Inc Of Beaufort 401(K) Plan — Form 5500 plan (Venture Inc Of Beaufort)
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, Venture Inc Of Beaufort 401(K) Plan is a benefit plan reported by Venture Inc Of Beaufort under EIN 59-3763767 and plan number 001. The latest loaded filing year is 2023. The filing reports 280 participants and $12,208,514 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$12.2MPlan net assets, end of year$12,208,514
Participants280Covered participants reported
Assets / participant$43.6KComputed: assets ÷ participants$43,602 (computed)
Provider compensation$58.4K2 Schedule C provider row(s)$58,350
- Plan sponsor
- Venture Inc Of Beaufort
- EIN
- 59-3763767
- Plan number
- 001
- Plan type
- 2
- Location
- Beaufort, SC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 280 | H, C | 20240821081753NAL0005932784001 |
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)$12.2M total assets
Net assets$12.2MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $12,208,514
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,208,514
- Net assets (BOY)
- $9,232,758
Income & contributions
- Employer contributions
- $732,944
- Participant contributions
- $973,221
- Total contributions
- $1,859,625
- Total income / additions
- $3,473,652
Expenses & distributions
- Benefits paid
- $432,651
- Administrative expenses
- $58,350
- Total expenses
- $497,896
- Net increase / (decrease)
- $2,975,756
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.
43%57%
Employer 43%Participant 57%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income12%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Carolina Qualified Retirement Plan | NONE | $29,598 | not reported in the loaded dataset | 2023 |
| The Vanguard Group, Inc. | NONE | $28,752 | $0 | 2023 |