Gene Langley Ford, Inc. Safe Harbor 401k Plan — Form 5500 plan (Gene Langley Ford, 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, Gene Langley Ford, Inc. Safe Harbor 401k Plan is a benefit plan reported by Gene Langley Ford, Inc. under EIN 62-0991680 and plan number 001. The latest loaded filing year is 2023. The filing reports 32 participants and $2,233,680 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.2MPlan net assets, end of year$2,233,680
Participants32Covered participants reported
Assets / participant$69.8KComputed: assets ÷ participants$69,803 (computed)
Provider compensationNone reported
Plan sponsor
Gene Langley Ford, Inc.
EIN
62-0991680
Plan number
001
Plan type
2
Location
Humboldt, TN
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202332I20240321084506NAL0004979840003
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)$2.2M total assets
Net assets$2.2MLiabilities
Money in vs. money out
Total income / additions$430.6K
Total expenses$116.6K
Benefits paid / distributions$116.1K
Contributions
Employer$50.4K
Participant$97.2K
Full reported line items

Net assets

Total assets (EOY)
$2,233,680
Net assets (EOY)
$2,233,680
Net assets (BOY)
$1,919,649

Income & contributions

Employer contributions
$50,432
Participant contributions
$97,245
Total income / additions
$430,629

Expenses & distributions

Benefits paid
$116,101
Administrative expenses
$497
Total expenses
$116,598
Net increase / (decrease)
$314,031
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 34%Participant 66%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income27%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages