Investment Corporation Of America Profit Sharing 401k Plan — Form 5500 plan (Investment Corporation Of America)
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, Investment Corporation Of America Profit Sharing 401k Plan is a benefit plan reported by Investment Corporation Of America under EIN 75-1721974 and plan number 001. The latest loaded filing year is 2023. The filing reports 886 participants and $100,854,498 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Investment Corporation Of America
- EIN
- 75-1721974
- Plan number
- 001
- Plan type
- 2
- Location
- Odessa, TX
- Latest filing year
- 2023
- Participants
- 886
- End-of-year plan assets
- $100,854,498
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 886 | H, C | 20240807094856NAL0008024882001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $100,854,498
- Total liabilities (EOY)
- $13,852
- Net assets (EOY)
- $100,840,646
- Net assets (BOY)
- $88,401,630
Income & contributions
- Employer contributions
- $572,218
- Participant contributions
- $1,003,936
- Total contributions
- $1,576,154
- Total income / additions
- $22,414,840
Expenses & distributions
- Benefits paid
- $9,754,052
- Administrative expenses
- $221,772
- Total expenses
- $9,975,824
- Net increase / (decrease)
- $12,439,016
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Frost Bank | NONE | $168,417 | not reported in the loaded dataset | 2023 |
| Definiti LLC | NONE | $53,355 | not reported in the loaded dataset | 2023 |