2023 Form 5500 filing — Permian Ford-Lincoln 401(K) Profit Sharing
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 20241015143025NAL0014845859001) for Permian Ford-Lincoln 401(K) Profit Sharing, reported by Permian Ford-Lincoln, Inc. under EIN 85-0203221 and plan number 001. It reports 177 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015143025NAL0014845859001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Permian Ford-Lincoln, Inc.
- EIN
- 85-0203221
- Plan number
- 001
- Location
- Hobbs., NM
- Participants
- 177
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,951,948
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,951,948
- Employer contributions
- $133,630
- Participant contributions
- $570,884
- Total income / additions
- $2,170,383
- Benefits paid
- $686,847
- Administrative expenses
- $10,424
- Total expenses
- $707,283
- Net increase / (decrease)
- $1,463,100
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wells Fargo Bank, N.A. | RECORDKEEPER/BOOKKEEPER | $3,786 | $17,000 |
| Adp, Inc. | RECORD KEEPER | $9,259 | $0 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $140 | $0 |