2023 Form 5500 filing — Banks Construction Company Profit Sharing /401(K) 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 20240926122432NAL0000422003001) for Banks Construction Company Profit Sharing /401(K) Plan, reported by Banks Construction Company under EIN 57-0296227 and plan number 003. It reports 478 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926122432NAL0000422003001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banks Construction Company
- EIN
- 57-0296227
- Plan number
- 003
- Location
- North Charleston, SC
- Participants
- 478
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,913,316
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,913,316
- Employer contributions
- $456,049
- Participant contributions
- $1,523,905
- Total income / additions
- $4,444,068
- Benefits paid
- $1,075,868
- Administrative expenses
- $1,300
- Total expenses
- $1,077,667
- Net increase / (decrease)
- $3,366,401
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $1,300 | $0 |