Barnett & Associates Accountancy Corp. Profit Sharing Plan — Form 5500 plan (Barnett & Associates Accountancy Corporation)

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, Barnett & Associates Accountancy Corp. Profit Sharing Plan is a benefit plan reported by Barnett & Associates Accountancy Corporation under EIN 94-2453766 and plan number 003. The latest loaded filing year is 2023. The filing reports 3 participants and $4,245,761 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$4.2MPlan net assets, end of year$4,162,644
Participants3Covered participants reported
Assets / participant$1.4MComputed: assets ÷ participants$1,415,254 (computed)
Provider compensationNone reported
Plan sponsor
Barnett & Associates Accountancy Corporation
EIN
94-2453766
Plan number
003
Plan type
2
Location
South Lake Tahoe, CA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20233I20240730182658NAL0012157907001
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)$4.2M total assets
Net assets$4.2MLiabilities$83.1K
Money in vs. money out
Total income / additions$754.6K
Total expenses$194.9K
Benefits paid / distributions$194.9K
Contributions
Employer$882
Participant$30K
Full reported line items

Net assets

Total assets (EOY)
$4,245,761
Total liabilities (EOY)
$83,117
Net assets (EOY)
$4,162,644
Net assets (BOY)
$3,602,925

Income & contributions

Employer contributions
$882
Participant contributions
$30,000
Total income / additions
$754,589

Expenses & distributions

Benefits paid
$194,870
Administrative expenses
$0
Total expenses
$194,870
Net increase / (decrease)
$559,719
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 3%Participant 97%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income26%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages