Derrick Corporation Profit Sharing Plan — Form 5500 plan (Derrick Corporation)
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, Derrick Corporation Profit Sharing Plan is a benefit plan reported by Derrick Corporation under EIN 16-0847196 and plan number 001. The latest loaded filing year is 2023. The filing reports 700 participants and $84,165,820 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Derrick Corporation
- EIN
- 16-0847196
- Plan number
- 001
- Plan type
- 2
- Location
- Buffalo, NY
- Latest filing year
- 2023
- Participants
- 700
- End-of-year plan assets
- $84,165,820
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 700 | H, C | 20240916133834NAL0002161344001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $84,165,820
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $84,165,820
- Net assets (BOY)
- $73,269,813
Income & contributions
- Employer contributions
- $1,100,000
- Participant contributions
- $4,212,505
- Total contributions
- $5,533,833
- Total income / additions
- $19,192,472
Expenses & distributions
- Benefits paid
- $8,209,227
- Administrative expenses
- $87,238
- Total expenses
- $8,296,465
- Net increase / (decrease)
- $10,896,007
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lpl Financial LLC | ADVISOR | $128,241 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$41,003 | $0 | 2023 |