Bestco, LLC Profit Sharing Retirement Plan And Trust — Form 5500 plan (Bestco, LLC)
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, Bestco, LLC Profit Sharing Retirement Plan And Trust is a benefit plan reported by Bestco, LLC under EIN 22-1472824 and plan number 001. The latest loaded filing year is 2023. The filing reports 827 participants and $4,009,406 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bestco, LLC
- EIN
- 22-1472824
- Plan number
- 001
- Plan type
- 2
- Location
- Mooresville, NC
- Latest filing year
- 2023
- Participants
- 827
- End-of-year plan assets
- $4,009,406
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 827 | H, C | 20241014172514NAL0015359779001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,009,406
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,009,406
- Net assets (BOY)
- $28,482,617
Income & contributions
- Employer contributions
- $1,651,463
- Participant contributions
- $2,522,284
- Total contributions
- $4,594,156
- Total income / additions
- $9,088,893
Expenses & distributions
- Benefits paid
- $33,492,882
- Administrative expenses
- $69,077
- Total expenses
- $33,562,104
- Net increase / (decrease)
- -$24,473,211
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Forest Capital Management LLC | INVESTMENT ADVISOR | $34,870 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $17,890 | not reported in the loaded dataset | 2023 |
| Bestco LLC | OTHER | $12,500 | not reported in the loaded dataset | 2023 |
| Transperfect Holdings LLC Dba Trans | OTHER | $3,816 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bestco, LLC
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Mooresville, NC
- Forest Capital Management LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Bestco LLC — Schedule C compensation
- Transperfect Holdings LLC Dba Trans — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation