T.W. Garner Food Company Employees' 401(K) Profit Sharing Plan — Form 5500 plan (T.W. Garner Food Company)

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, T.W. Garner Food Company Employees' 401(K) Profit Sharing Plan is a benefit plan reported by T.W. Garner Food Company under EIN 56-0486957 and plan number 002. The latest loaded filing year is 2023. The filing reports 124 participants and $22,354,465 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$22.4MPlan net assets, end of year$22,354,465
Participants124Covered participants reported
Assets / participant$180.3KComputed: assets ÷ participants$180,278 (computed)
Provider compensation$5.5K1 Schedule C provider row(s)$5,498
Plan sponsor
T.W. Garner Food Company
EIN
56-0486957
Plan number
002
Plan type
2
Location
Winston-Salem, NC
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023124H, C20240830141434NAL0008416147001
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)$22.4M total assets
Net assets$22.4MLiabilities$0
Money in vs. money out
Total income / additions$4.5M
Total expenses$1.6M
Benefits paid / distributions$1.6M
Contributions
Employer$1.1M
Participant$708.8K
Full reported line items

Net assets

Total assets (EOY)
$22,354,465
Total liabilities (EOY)
$0
Net assets (EOY)
$22,354,465
Net assets (BOY)
$19,415,441

Income & contributions

Employer contributions
$1,144,129
Participant contributions
$708,809
Total contributions
$1,852,938
Total income / additions
$4,495,662

Expenses & distributions

Benefits paid
$1,551,140
Administrative expenses
$5,498
Total expenses
$1,556,638
Net increase / (decrease)
$2,939,024
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 62%Participant 38%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income35%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Ascensus LLCNONE$5,498$02023

Related Form 5500 pages