Famous Enterprises, Inc. Employee Savings 401(K) Plan — Form 5500 plan (Famous Enterprises, Inc.)

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, Famous Enterprises, Inc. Employee Savings 401(K) Plan is a benefit plan reported by Famous Enterprises, Inc. under EIN 34-1726677 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,292 participants and $44,564,962 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$44.6MPlan net assets, end of year$44,564,962
Participants1.3KCovered participants reported1,292
Assets / participant$34.5KComputed: assets ÷ participants$34,493 (computed)
Provider compensation$223.3K2 Schedule C provider row(s)$223,255
Plan sponsor
Famous Enterprises, Inc.
EIN
34-1726677
Plan number
001
Plan type
2
Location
Akron, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,292H, C20241011162208NAL0022318977001
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)$44.6M total assets
Net assets$44.6MLiabilities$0
Money in vs. money out
Total income / additions$10.4M
Total expenses$4.8M
Benefits paid / distributions$4.5M
Contributions
Employer$928.8K
Participant$3.1M
Full reported line items

Net assets

Total assets (EOY)
$44,564,962
Total liabilities (EOY)
$0
Net assets (EOY)
$44,564,962
Net assets (BOY)
$38,939,746

Income & contributions

Employer contributions
$928,776
Participant contributions
$3,132,631
Total contributions
$5,274,604
Total income / additions
$10,411,070

Expenses & distributions

Benefits paid
$4,547,897
Administrative expenses
$223,255
Total expenses
$4,785,854
Net increase / (decrease)
$5,625,216
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 23%Participant 77%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income44%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Newport Group, Inc.RECORKDEEPER$123,948$02023
Ancora Retirement Plan Advisors,IncADVISOR$99,307not reported in the loaded dataset2023

Related Form 5500 pages