Hgs Engineering, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Hgs Engineering, 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, Hgs Engineering, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Hgs Engineering, Inc. under EIN 63-1208773 and plan number 002. The latest loaded filing year is 2023. The filing reports 80 participants and $1,724,603 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.7MPlan net assets, end of year$1,724,603
Participants80Covered participants reported
Assets / participant$21.6KComputed: assets ÷ participants$21,558 (computed)
Provider compensationNone reported
Plan sponsor
Hgs Engineering, Inc.
EIN
63-1208773
Plan number
002
Plan type
2
Location
Anniston, AL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202380I20240711105342NAL0010309363001
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)$1.7M total assets
Net assets$1.7MLiabilities$0
Money in vs. money out
Total income / additions$437.3K
Total expenses$109.1K
Benefits paid / distributions$108.8K
Contributions
Employer$79K
Participant$137.8K
Full reported line items

Net assets

Total assets (EOY)
$1,724,603
Total liabilities (EOY)
$0
Net assets (EOY)
$1,724,603
Net assets (BOY)
$1,396,379

Income & contributions

Employer contributions
$79,009
Participant contributions
$137,757
Total income / additions
$437,294

Expenses & distributions

Benefits paid
$108,770
Administrative expenses
$300
Total expenses
$109,070
Net increase / (decrease)
$328,224
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 36%Participant 64%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income25%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages