2023 Form 5500 filing — Parks Motors 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 20241015145643NAL0030058385001) for Parks Motors 401(K) Plan, reported by Muirfield Inc. D/B/A Parks Ford Of Wesley Chapel under EIN 59-2419050 and plan number 003. It reports 345 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015145643NAL0030058385001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Muirfield Inc. D/B/A Parks Ford Of Wesley Chapel
- EIN
- 59-2419050
- Plan number
- 003
- Location
- Wesley Chapel, FL
- Participants
- 345
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,872,748
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,872,748
- Employer contributions
- $22,700
- Participant contributions
- $1,055,635
- Total income / additions
- $2,357,298
- Benefits paid
- $2,500,956
- Administrative expenses
- $49,432
- Total expenses
- $2,550,388
- Net increase / (decrease)
- -$193,090
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Kestra Advisory Services LLC | NONE | $23,899 | not reported in the loaded dataset |
| Empower Ann Ins Co Of America | NONE | $15,603 | $0 |
| Florida Retirement Consultants | NONE | $10,028 | $0 |