Vern Eide Motorcars Employee Stock Ownership Plan — Form 5500 plan (Vern Eide Motorcars)

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 Employee Stock Ownership Plan is a benefit plan reported by Vern Eide Motorcars under EIN 46-0281291 and plan number 002. The latest loaded filing year is 2023. The filing reports 193 participants and $19,355,073 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.4MPlan net assets, end of year$1,365,735
Participants193Covered participants reported
Assets / participant$100.3KComputed: assets ÷ participants$100,285 (computed)
Provider compensationNone reported
Plan sponsor
Vern Eide Motorcars
EIN
46-0281291
Plan number
002
Plan type
2
Location
Sioux Falls, SD
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023193H20241014083845NAL0045339264001
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)$19.4M total assets
Net assets$1.4MLiabilities$18M
Money in vs. money out
Total income / additions$6.3M
Total expenses$379.4K
Benefits paid / distributions$19.9K
Contributions
Employer$1.3M
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$19,355,073
Total liabilities (EOY)
$17,989,338
Net assets (EOY)
$1,365,735
Net assets (BOY)
-$4,559,147

Income & contributions

Employer contributions
$1,268,962
Total contributions
$1,268,962
Total income / additions
$6,304,327

Expenses & distributions

Benefits paid
$19,892
Administrative expenses
$855
Total expenses
$379,445
Net increase / (decrease)
$5,924,882
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.

Total expenses ÷ net assets28%Computed ratio
Benefits paid ÷ total income0%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages