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, Major Brands Oil Company, Inc. 401(K) Salary Reduction Plan & Trust is a benefit plan reported by Major Brands Oil Company, Inc. under EIN 38-2384152 and plan number 002. The latest loaded filing year is 2023. The filing reports 235 participants and $4,390,970 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,390,970
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,390,970
- Net assets (BOY)
- $3,414,912
Income & contributions
- Employer contributions
- $196,233
- Participant contributions
- $304,219
- Total contributions
- $500,452
- Total income / additions
- $1,374,584
Expenses & distributions
- Benefits paid
- $379,881
- Administrative expenses
- $18,645
- Total expenses
- $398,526
- Net increase / (decrease)
- $976,058