2023 Form 5500 filing — Young Plumbing & Heating Co. 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 20241015094028NAL0048698976001) for Young Plumbing & Heating Co. Profit Sharing Plan, reported by Young Plumbing & Heating Co. under EIN 42-0929389 and plan number 002. It reports 131 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015094028NAL0048698976001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Young Plumbing & Heating Co.
- EIN
- 42-0929389
- Plan number
- 002
- Location
- Waterloo, IA
- Participants
- 131
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $33,608,936
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,608,936
- Employer contributions
- $985,090
- Participant contributions
- $553,738
- Total income / additions
- $5,678,625
- Benefits paid
- $1,793,993
- Administrative expenses
- $650
- Total expenses
- $1,794,643
- Net increase / (decrease)
- $3,883,982
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Accel Wealth Management | INVESTMENT ADVISORY | $0 | $57,400 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $650 | $0 |