2023 Form 5500 filing — Habberstad Motorsport, 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 20240923141515NAL0023667138001) for Habberstad Motorsport, Inc. 401(K) Profit Sharing Plan, reported by Habberstad Motorsport, Inc. under EIN 11-2529490 and plan number 001. It reports 211 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240923141515NAL0023667138001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Habberstad Motorsport, Inc.
- EIN
- 11-2529490
- Plan number
- 001
- Location
- Huntington Station, NY
- Participants
- 211
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,713,543
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,713,543
- Participant contributions
- $1,166,048
- Total income / additions
- $2,636,823
- Benefits paid
- $979,500
- Administrative expenses
- $75,188
- Total expenses
- $1,054,688
- Net increase / (decrease)
- $1,582,135
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $62,744 | $0 |
| Hornor Townshend & Kent | OTHER SERVICES | $0 | $22,471 |
| Habberstad Motorsport Inc. | OTHER SERVICES | $0 | $15,000 |
| Orenda Retirement, LLC | OTHER SERVICES | $7,598 | $4,494 |
| Wilshire Associates Incorporated | INVESTMENT ADVISORY | $0 | $0 |