2023 Form 5500 filing — Young Electric Sign Company Profit Sharing 401(K) 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 20241015204549NAL0030883649001) for Young Electric Sign Company Profit Sharing 401(K) Retirement Plan And Trust, reported by Young Electric Sign Company under EIN 87-0212261 and plan number 001. It reports 1,323 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015204549NAL0030883649001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Young Electric Sign Company
- EIN
- 87-0212261
- Plan number
- 001
- Location
- Salt Lake City, UT
- Participants
- 1,323
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $91,787,968
- Total liabilities (EOY)
- $16,025
- Net assets (EOY)
- $91,771,943
- Employer contributions
- $2,252,572
- Participant contributions
- $4,430,917
- Total income / additions
- $21,403,543
- Benefits paid
- $5,237,557
- Administrative expenses
- $178,756
- Total expenses
- $5,419,434
- Net increase / (decrease)
- $15,984,109
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $82,884 | $0 |
| Andco Consulting | INVESTMENT ADVISORY | $57,738 | not reported in the loaded dataset |
| S&S Mechanical | OTHER SERVICES | $36,228 | not reported in the loaded dataset |
| Moreton & Company | INSURANCE REP/BROKER | $26,746 | not reported in the loaded dataset |
| Sermon Service & Electric | OTHER SERVICES | $15,500 | not reported in the loaded dataset |
| Hbme | ACCOUNTANT | $9,000 | not reported in the loaded dataset |
| The Cook Group | VALUATION SERVICES | $7,900 | not reported in the loaded dataset |
| Salt Lake City Corporation | OTHER SERVICES | $7,433 | not reported in the loaded dataset |
| Mountain States Fence Co | OTHER SERVICES | $6,950 | not reported in the loaded dataset |
| David Lloyd, Inc. | OTHER SERVICES | $6,378 | not reported in the loaded dataset |