The Carol Woods Profit Sharing Plan — Form 5500 plan (Carol Woods Retirement Center)
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, The Carol Woods Profit Sharing Plan is a benefit plan reported by Carol Woods Retirement Center under EIN 23-7271041 and plan number 002. The latest loaded filing year is 2023. The filing reports 360 participants and $6,929,910 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Carol Woods Retirement Center
- EIN
- 23-7271041
- Plan number
- 002
- Plan type
- 2
- Location
- Chapel Hill, NC
- Latest filing year
- 2023
- Participants
- 360
- End-of-year plan assets
- $6,929,910
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 360 | H, C | 20240729084538NAL0010889299001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,929,910
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,929,910
- Net assets (BOY)
- $6,183,776
Income & contributions
- Employer contributions
- $393,711
- Total contributions
- $393,711
- Total income / additions
- $1,260,289
Expenses & distributions
- Benefits paid
- $494,291
- Administrative expenses
- $19,864
- Total expenses
- $514,155
- Net increase / (decrease)
- $746,134
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Resources Investment Advisors. | NONE | $12,307 | not reported in the loaded dataset | 2023 |
| Ascensus LLC | NONE | $7,402 | $0 | 2023 |