Beard Equipment Company 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Beard Holding, Inc. Dba Beard Equipment Company)
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, Beard Equipment Company 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Beard Holding, Inc. Dba Beard Equipment Company under EIN 63-1224274 and plan number 001. The latest loaded filing year is 2023. The filing reports 418 participants and $32,957,295 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Beard Holding, Inc. Dba Beard Equipment Company
- EIN
- 63-1224274
- Plan number
- 001
- Plan type
- 2
- Location
- Mobile, AL
- Latest filing year
- 2023
- Participants
- 418
- End-of-year plan assets
- $32,957,295
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 418 | H, C | 20241008083416NAL0029392576001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $32,957,295
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,957,295
- Net assets (BOY)
- $25,960,541
Income & contributions
- Employer contributions
- $963,203
- Participant contributions
- $1,754,118
- Total contributions
- $2,939,443
- Total income / additions
- $8,084,250
Expenses & distributions
- Benefits paid
- $974,768
- Administrative expenses
- $110,324
- Total expenses
- $1,087,496
- Net increase / (decrease)
- $6,996,754
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Hancock Whitney Bank | INVESTMENT ADVISOR | $84,223 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $19,603 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $6,498 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Beard Holding, Inc. Dba Beard Equipment Company
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Mobile, AL
- Hancock Whitney Bank — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation