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, Wellborn Forest Products, Inc. 401(K) Plan is a benefit plan reported by Wellborn Forest Products, Inc. under EIN 20-5872901 and plan number 001. The latest loaded filing year is 2023. The filing reports 676 participants and $7,700,444 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,700,444
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,700,444
- Net assets (BOY)
- $6,740,243
Income & contributions
- Employer contributions
- $366,173
- Participant contributions
- $670,442
- Total contributions
- $1,195,234
- Total income / additions
- $2,448,422
Expenses & distributions
- Benefits paid
- $1,449,019
- Administrative expenses
- $9,988
- Total expenses
- $1,488,221
- Net increase / (decrease)
- $960,201