Freight Management, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Freight Management, 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, Freight Management, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Freight Management, Inc. under EIN 63-1114666 and plan number 001. The latest loaded filing year is 2023. The filing reports 101 participants and $261,696 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$261.7KPlan net assets, end of year$261,696
Participants101Covered participants reported
Assets / participant$2.6KComputed: assets ÷ participants$2,591 (computed)
Provider compensationNone reported
Plan sponsor
Freight Management, Inc.
EIN
63-1114666
Plan number
001
Plan type
2
Location
Muscle Shoals, AL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023101I20240612144202NAL0060219074001
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)$261.7K total assets
Net assets$261.7KLiabilities$0
Money in vs. money out
Total income / additions$93K
Total expenses$48.1K
Benefits paid / distributions$48.1K
Contributions
Employer$4.6K
Participant$55.8K
Full reported line items

Net assets

Total assets (EOY)
$261,696
Total liabilities (EOY)
$0
Net assets (EOY)
$261,696
Net assets (BOY)
$216,805

Income & contributions

Employer contributions
$4,612
Participant contributions
$55,784
Total income / additions
$92,964

Expenses & distributions

Benefits paid
$48,073
Total expenses
$48,073
Net increase / (decrease)
$44,891
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 8%Participant 92%
Total expenses ÷ net assets18%Computed ratio
Benefits paid ÷ total income52%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages