Vern Eide Motorcars, Inc. 401k Plan — Form 5500 plan (Vern Eide Motorcars, 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, Vern Eide Motorcars, Inc. 401k Plan is a benefit plan reported by Vern Eide Motorcars, Inc. under EIN 46-0281291 and plan number 001. The latest loaded filing year is 2023. The filing reports 551 participants and $28,439,673 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$28.4MPlan net assets, end of year$28,439,673
Participants551Covered participants reported
Assets / participant$51.6KComputed: assets ÷ participants$51,615 (computed)
Provider compensation$5.3K1 Schedule C provider row(s)$5,250
- Plan sponsor
- Vern Eide Motorcars, Inc.
- EIN
- 46-0281291
- Plan number
- 001
- Plan type
- 3
- Location
- Sioux Falls, SD
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 551 | H, C | 20241009102817NAL0010524947001 |
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)$28.4M total assets
Net assets$28.4MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $28,439,673
- Net assets (EOY)
- $28,439,673
- Net assets (BOY)
- $24,733,888
Income & contributions
- Employer contributions
- $606,629
- Participant contributions
- $2,040,919
- Total contributions
- $2,685,464
- Total income / additions
- $6,551,479
Expenses & distributions
- Benefits paid
- $2,691,089
- Administrative expenses
- $154,067
- Total expenses
- $2,845,694
- Net increase / (decrease)
- $3,705,785
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.
23%77%
Employer 23%Participant 77%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income41%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Insurance Company | RECORD | $5,250 | $0 | 2023 |