Plan5500

Poteat, Inc. Profit Sharing Plan — Form 5500 plan (Poteat, 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, Poteat, Inc. Profit Sharing Plan is a benefit plan reported by Poteat, Inc. under EIN 56-0705992 and plan number 001. The latest loaded filing year is 2023. The filing reports 221 participants and $3,371,595 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Poteat, Inc.
EIN
56-0705992
Plan number
001
Plan type
2
Location
Laurinburg, NC
Latest filing year
2023
Participants
221
End-of-year plan assets
$3,371,595

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023221H, C20241001141014NAL0011873920001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$3,371,595
Total liabilities (EOY)
$0
Net assets (EOY)
$3,371,595
Net assets (BOY)
$2,687,444

Income & contributions

Employer contributions
$127,149
Participant contributions
$175,579
Total contributions
$303,308
Total income / additions
$867,569

Expenses & distributions

Benefits paid
$180,846
Administrative expenses
$2,572
Total expenses
$183,418
Net increase / (decrease)
$684,151

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
John Hancock Life Insurance Co.RK$1,552not reported in the loaded dataset2023

Related Form 5500 pages