2023 Form 5500 filing — Versabar 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 20240814132659NAL0006526019001) for Versabar 401(K) Profit Sharing Plan, reported by Versabar, Incorporated under EIN 72-0926021 and plan number 001. It reports 379 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240814132659NAL0006526019001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Versabar, Incorporated
- EIN
- 72-0926021
- Plan number
- 001
- Location
- Houston, TX
- Participants
- 379
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $47,142,109
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $47,142,109
- Employer contributions
- $767,764
- Participant contributions
- $1,564,342
- Total income / additions
- $10,216,122
- Benefits paid
- $4,100,479
- Administrative expenses
- $85,503
- Total expenses
- $4,185,982
- Net increase / (decrease)
- $6,030,140
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adg Wealth Management Group LLC | ADVISOR | $85,277 | not reported in the loaded dataset |
| Bourgeois Bennett | ACCOUNTANT/AUDITOR | $7,117 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | -$6,891 | $0 |