Whip Mix Corporation Profit Sharing Plan — Form 5500 plan (Whip Mix Corporation)

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, Whip Mix Corporation Profit Sharing Plan is a benefit plan reported by Whip Mix Corporation under EIN 61-0380760 and plan number 001. The latest loaded filing year is 2023. The filing reports 216 participants and $19,981,640 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$20MPlan net assets, end of year$19,981,640
Participants216Covered participants reported
Assets / participant$92.5KComputed: assets ÷ participants$92,508 (computed)
Provider compensation$65K3 Schedule C provider row(s)$64,976
Plan sponsor
Whip Mix Corporation
EIN
61-0380760
Plan number
001
Plan type
2
Location
Louisville, KY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023216H, C20241014064415NAL0012945731001
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)$20M total assets
Net assets$20MLiabilities$0
Money in vs. money out
Total income / additions$4M
Total expenses$2.2M
Benefits paid / distributions$2.2M
Contributions
Employer$256.2K
Participant$765.3K
Full reported line items

Net assets

Total assets (EOY)
$19,981,640
Total liabilities (EOY)
$0
Net assets (EOY)
$19,981,640
Net assets (BOY)
$18,172,856

Income & contributions

Employer contributions
$256,233
Participant contributions
$765,257
Total contributions
$1,041,011
Total income / additions
$4,029,980

Expenses & distributions

Benefits paid
$2,162,302
Administrative expenses
$58,894
Total expenses
$2,221,196
Net increase / (decrease)
$1,808,784
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 25%Participant 75%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income54%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$51,426$02023
Empower Advisory Group, LLCINVESTMENT MGMT$7,550not reported in the loaded dataset2023
Stegner Investment Associates IncOTHER$6,000not reported in the loaded dataset2023

Related Form 5500 pages