Northeast Building Products, LLC 401(K) Profit Sharing Plan — Form 5500 plan (Northeast Building Products, 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, Northeast Building Products, LLC 401(K) Profit Sharing Plan is a benefit plan reported by Northeast Building Products, LLC under EIN 23-1975341 and plan number 001. The latest loaded filing year is 2023. The filing reports 596 participants and $10,517,210 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$10.5MPlan net assets, end of year$10,517,210
Participants596Covered participants reported
Assets / participant$17.6KComputed: assets ÷ participants$17,646 (computed)
Provider compensation$117.2K2 Schedule C provider row(s)$117,226
Plan sponsor
Northeast Building Products, LLC
EIN
23-1975341
Plan number
001
Plan type
2
Location
Philadelphia, PA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023596H, C20241009091158NAL0010464259001
Schedule H · 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)$10.5M total assets
Net assets$10.5MLiabilities$0
Money in vs. money out
Total income / additions$2.9M
Total expenses$3.9M
Benefits paid / distributions$3.8M
Contributions
Employer$625.1K
Participant$903.9K
Full reported line items

Net assets

Total assets (EOY)
$10,517,210
Total liabilities (EOY)
$0
Net assets (EOY)
$10,517,210
Net assets (BOY)
$11,527,178

Income & contributions

Employer contributions
$625,078
Participant contributions
$903,891
Total contributions
$1,528,969
Total income / additions
$2,911,177

Expenses & distributions

Benefits paid
$3,795,455
Administrative expenses
$125,690
Total expenses
$3,921,145
Net increase / (decrease)
-$1,009,968
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.

Contribution share (employer vs. participant)
Employer 41%Participant 59%
Total expenses ÷ net assets37%Computed ratio
Benefits paid ÷ total income130%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance CompanyRECORDKEEPER$89,007$02023
Global Retirement Partners LLCINVESTMENT ADVISOR$28,219not reported in the loaded dataset2023

Related Form 5500 pages