The Hughes 401(K) Profit Sharing Plan — Form 5500 plan (Hughes & Smith, 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, The Hughes 401(K) Profit Sharing Plan is a benefit plan reported by Hughes & Smith, Inc. under EIN 54-0756452 and plan number 001. The latest loaded filing year is 2023. The filing reports 146 participants and $11,156,855 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hughes & Smith, Inc.
- EIN
- 54-0756452
- Plan number
- 001
- Plan type
- 2
- Location
- Fairfax, VA
- Latest filing year
- 2023
- Participants
- 146
- End-of-year plan assets
- $11,156,855
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 146 | H, C | 20241001072111NAL0011063120001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,156,855
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,156,855
- Net assets (BOY)
- $10,112,389
Income & contributions
- Employer contributions
- $461,555
- Participant contributions
- $546,406
- Total contributions
- $1,083,407
- Total income / additions
- $2,619,285
Expenses & distributions
- Benefits paid
- $1,516,469
- Administrative expenses
- $58,350
- Total expenses
- $1,574,819
- Net increase / (decrease)
- $1,044,466
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wealth Enhancement Advisory Service | INVESTMENT ADVISORY | $24,019 | not reported in the loaded dataset | 2023 |
| Forvis, Llp | ACCOUNTANT/AUDITOR | $17,850 | not reported in the loaded dataset | 2023 |
| Dunbar, Bender & Zapf, Inc. | TPA | $12,029 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Company, LLC | RECORDKEEPER | $4,453 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Hughes & Smith, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Fairfax, VA
- Wealth Enhancement Advisory Service — Schedule C compensation
- Forvis, Llp — Schedule C compensation
- Dunbar, Bender & Zapf, Inc. — Schedule C compensation
- Fidelity Investments Company, LLC — Schedule C compensation