Avalon Flooring Employee Stock Ownership Plan — Form 5500 plan (Sovereign Distributors, Inc. T/A Avalon Flooring)
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, Avalon Flooring Employee Stock Ownership Plan is a benefit plan reported by Sovereign Distributors, Inc. T/A Avalon Flooring under EIN 22-2985143 and plan number 002. The latest loaded filing year is 2023. The filing reports 546 participants and $27,578,861 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sovereign Distributors, Inc. T/A Avalon Flooring
- EIN
- 22-2985143
- Plan number
- 002
- Plan type
- 2
- Location
- Cherry Hill, NJ
- Latest filing year
- 2023
- Participants
- 546
- End-of-year plan assets
- $27,578,861
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 546 | H, C | 20250114142553NAL0011689363001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $27,578,861
- Total liabilities (EOY)
- $3,475,615
- Net assets (EOY)
- $24,103,246
- Net assets (BOY)
- $27,490,859
Income & contributions
- Employer contributions
- $2,041,544
- Total contributions
- $2,046,395
- Total income / additions
- -$1,394,637
Expenses & distributions
- Benefits paid
- $1,791,156
- Administrative expenses
- $201,820
- Total expenses
- $1,992,976
- Net increase / (decrease)
- -$3,387,613
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capaldi Reynolds & Pelosi | NONE | $51,250 | not reported in the loaded dataset | 2023 |
| Menke & Associates, Inc. | NONE | $37,342 | not reported in the loaded dataset | 2023 |
| Isaacks & Associates, Ltd., Llp | NONE | $19,800 | not reported in the loaded dataset | 2023 |
| Weinress & Associates | NONE | $7,500 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Sovereign Distributors, Inc. T/A Avalon Flooring
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Cherry Hill, NJ
- Capaldi Reynolds & Pelosi — Schedule C compensation
- Menke & Associates, Inc. — Schedule C compensation
- Isaacks & Associates, Ltd., Llp — Schedule C compensation
- Weinress & Associates — Schedule C compensation