Port City Logistics, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Port City Logistics, 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, Port City Logistics, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Port City Logistics, Inc. under EIN 83-0420209 and plan number 001. The latest loaded filing year is 2023. The filing reports 243 participants and $3,695,657 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.7MPlan net assets, end of year$3,695,055
Participants243Covered participants reported
Assets / participant$15.2KComputed: assets ÷ participants$15,208 (computed)
Provider compensation$21.1K2 Schedule C provider row(s)$21,127
Plan sponsor
Port City Logistics, Inc.
EIN
83-0420209
Plan number
001
Plan type
2
Location
Port Wentworth, GA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023243H, C20241107141722NAL0006543779001
Schedule H · 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)$3.7M total assets
Net assets$3.7MLiabilities$602
Money in vs. money out
Total income / additions$1.7M
Total expenses$592.2K
Benefits paid / distributions$571.1K
Contributions
Employer$393.9K
Participant$677.5K
Full reported line items

Net assets

Total assets (EOY)
$3,695,657
Total liabilities (EOY)
$602
Net assets (EOY)
$3,695,055
Net assets (BOY)
$2,585,522

Income & contributions

Employer contributions
$393,943
Participant contributions
$677,536
Total contributions
$1,176,823
Total income / additions
$1,701,774

Expenses & distributions

Benefits paid
$571,114
Administrative expenses
$21,127
Total expenses
$592,241
Net increase / (decrease)
$1,109,533
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 37%Participant 63%
Total expenses ÷ net assets16%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$20,863$02023
Empower Advisory Group, LLCINVESTMENT MGMT$264not reported in the loaded dataset2023

Related Form 5500 pages