Parker Towing Company, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Parker Towing Company, 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, Parker Towing Company, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Parker Towing Company, Inc. under EIN 63-0362042 and plan number 002. The latest loaded filing year is 2023. The filing reports 722 participants and $38,441,388 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Parker Towing Company, Inc.
EIN
63-0362042
Plan number
002
Plan type
2
Location
Tuscaloosa, AL
Latest filing year
2023
Participants
722
End-of-year plan assets
$38,441,388

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023722H, C20241015164350NAL0016901283001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$38,441,388
Total liabilities (EOY)
$10,835
Net assets (EOY)
$38,430,553
Net assets (BOY)
$33,184,345

Income & contributions

Employer contributions
$2,337,223
Participant contributions
$2,317,499
Total contributions
$4,798,090
Total income / additions
$9,330,759

Expenses & distributions

Benefits paid
$4,068,363
Administrative expenses
$16,188
Total expenses
$4,084,551
Net increase / (decrease)
$5,246,208

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
John Hancock Life Insurance Co UsaRECORDKEEPER$2,580$02023

Related Form 5500 pages