2023 Form 5500 filing — Reeds Jewelers, Inc. 401(K) Profit Sharing Retirement 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 20241015051929NAL0054930818001) for Reeds Jewelers, Inc. 401(K) Profit Sharing Retirement Plan, reported by Reeds Jewelers, Inc. under EIN 56-1441706 and plan number 001. It reports 1,042 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015051929NAL0054930818001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Reeds Jewelers, Inc.
- EIN
- 56-1441706
- Plan number
- 001
- Location
- Wilmington, NC
- Participants
- 1,042
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $31,400,589
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,400,589
- Employer contributions
- $565,103
- Participant contributions
- $2,511,445
- Total income / additions
- $7,277,810
- Benefits paid
- $2,192,535
- Administrative expenses
- $129,437
- Total expenses
- $2,321,972
- Net increase / (decrease)
- $4,955,838
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co Of America | RECORDKEEPER | $72,167 | $0 |
| Commonwealth Financial Network | ADVISOR | $55,649 | not reported in the loaded dataset |
| Qualified Retirement Plan Services, | CONTRACT ADMIN | $2,389 | $10,000 |
| Empower Advisory Group | INVESTMENT MANAGEMENT | $6,839 | not reported in the loaded dataset |