Lbm Advantage Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Lbm Advantage Inc)
Plain-English plan 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, Lbm Advantage Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Lbm Advantage Inc under EIN 14-1498340 and plan number 001. The latest loaded filing year is 2023. The filing reports 138 participants and $24,801,001 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lbm Advantage Inc
- EIN
- 14-1498340
- Plan number
- 001
- Plan type
- 2
- Location
- New Windsor, NY
- Latest filing year
- 2023
- Participants
- 138
- End-of-year plan assets
- $24,801,001
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 138 | H, C | 20240710084614NAL0008450451001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,801,001
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,801,001
- Net assets (BOY)
- $21,202,986
Income & contributions
- Employer contributions
- $710,782
- Participant contributions
- $1,062,806
- Total contributions
- $1,773,588
- Total income / additions
- $5,595,632
Expenses & distributions
- Benefits paid
- $1,908,496
- Administrative expenses
- $89,121
- Total expenses
- $1,997,617
- Net increase / (decrease)
- $3,598,015
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Planning Directions, Inc | ADVISOR | $41,045 | not reported in the loaded dataset | 2023 |
| Paychex, Inc. | RECORDKEEPER | $33,551 | not reported in the loaded dataset | 2023 |
| Commonwealth Financial Network | ADVISOR | $13,851 | not reported in the loaded dataset | 2023 |