2023 Form 5500 filing — Bestco, LLC Profit Sharing Retirement Plan And Trust
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 20241014172514NAL0015359779001) for Bestco, LLC Profit Sharing Retirement Plan And Trust, reported by Bestco, LLC under EIN 22-1472824 and plan number 001. It reports 827 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014172514NAL0015359779001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bestco, LLC
- EIN
- 22-1472824
- Plan number
- 001
- Location
- Mooresville, NC
- Participants
- 827
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,009,406
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,009,406
- Employer contributions
- $1,651,463
- Participant contributions
- $2,522,284
- Total income / additions
- $9,088,893
- Benefits paid
- $33,492,882
- Administrative expenses
- $69,077
- Total expenses
- $33,562,104
- Net increase / (decrease)
- -$24,473,211
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Forest Capital Management LLC | INVESTMENT ADVISOR | $34,870 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $17,890 | not reported in the loaded dataset |
| Bestco LLC | OTHER | $12,500 | not reported in the loaded dataset |
| Transperfect Holdings LLC Dba Trans | OTHER | $3,816 | not reported in the loaded dataset |
| Empower Annuity Insurance Company O | RECORDKEEPER | $0 | $0 |