2023 Form 5500 filing — Cloninger Ford, Inc 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 20241003150641NAL0009980529001) for Cloninger Ford, Inc 401(K) Plan, reported by Cloninger Ford, Inc. under EIN 56-1465220 and plan number 001. It reports 465 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241003150641NAL0009980529001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Cloninger Ford, Inc.
- EIN
- 56-1465220
- Plan number
- 001
- Location
- Salisbury, NC
- Participants
- 465
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,349,565
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,349,565
- Employer contributions
- $534,608
- Participant contributions
- $1,007,082
- Total income / additions
- $2,653,528
- Benefits paid
- $615,124
- Administrative expenses
- $49,122
- Total expenses
- $667,313
- Net increase / (decrease)
- $1,986,215
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock | RECORDKEEPER | $27,341 | $0 |
| Truist Investment Services, Inc | RETAINED BY EMPLOYER | $20,419 | not reported in the loaded dataset |