2023 Form 5500 filing — Mccombs Steel Company, Inc. 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240812095822NAL0009364417001) for Mccombs Steel Company, Inc. 401(K) Profit Sharing Plan, reported by Mccombs Steel Company, Inc. under EIN 56-1451250 and plan number 001. It reports 128 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240812095822NAL0009364417001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mccombs Steel Company, Inc.
- EIN
- 56-1451250
- Plan number
- 001
- Location
- Statesville, NC
- Participants
- 128
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,927,394
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,927,394
- Employer contributions
- $104,309
- Participant contributions
- $563,603
- Total income / additions
- $1,619,611
- Benefits paid
- $954,012
- Administrative expenses
- $32,797
- Total expenses
- $1,004,804
- Net increase / (decrease)
- $614,807
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Excel Wealth Management LLC | INVESTMENT ADVISOR | $11,731 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $11,717 | $0 |
| Bdg-Cpas | AUDITOR | $9,200 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $149 | not reported in the loaded dataset |