2023 Form 5500 filing — Area Energy & Electric, Inc. 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 20250128115228NAL0022894240001) for Area Energy & Electric, Inc. Profit Sharing Plan, reported by Area Energy & Electric, Inc. under EIN 34-1403836 and plan number 003. It reports 407 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250128115228NAL0022894240001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Area Energy & Electric, Inc.
- EIN
- 34-1403836
- Plan number
- 003
- Location
- Sidney, OH
- Participants
- 407
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $33,995,023
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,995,023
- Employer contributions
- $441,592
- Participant contributions
- $2,400,955
- Total income / additions
- $6,951,548
- Benefits paid
- $1,842,178
- Administrative expenses
- $44,259
- Total expenses
- $1,886,437
- Net increase / (decrease)
- $5,065,111
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Everhart Financial Group Inc Everha | INVESTMENT ADVISOR | $31,087 | not reported in the loaded dataset |
| Flagel, Huber, Flagel, And Co | AUDITOR | $12,000 | not reported in the loaded dataset |
| Jpmorgan Invest Holdings LLC | RECORDKEEPER | $1,172 | $0 |