Canastota N/C Corporation Employee Stock Ownership Plan — Form 5500 plan (Canastota N/C 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, Canastota N/C Corporation Employee Stock Ownership Plan is a benefit plan reported by Canastota N/C Corporation under EIN 16-0991998 and plan number 001. The latest loaded filing year is 2023. The filing reports 16 participants and $4,250,820 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.9MPlan net assets, end of year$1,908,344
Participants16Covered participants reported
Assets / participant$265.7KComputed: assets ÷ participants$265,676 (computed)
Provider compensationNone reported
Plan sponsor
Canastota N/C Corporation
EIN
16-0991998
Plan number
001
Plan type
2
Location
Canastota, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202316I20240507123838NAL0035796689001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$4.3M total assets
Net assets$1.9MLiabilities$2.3M
Money in vs. money out
Total income / additions$566.8K
Total expenses$294.9K
Benefits paid / distributions$158.1K
Contributions
Employer$186.9K
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$4,250,820
Total liabilities (EOY)
$2,342,476
Net assets (EOY)
$1,908,344
Net assets (BOY)
$1,636,502

Income & contributions

Employer contributions
$186,936
Total income / additions
$566,780

Expenses & distributions

Benefits paid
$158,092
Total expenses
$294,938
Net increase / (decrease)
$271,842
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets15%Computed ratio
Benefits paid ÷ total income28%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages