Ingles Markets, Incorporated Investment/ Profit Sharing Plan — Form 5500 plan (Ingles Markets, Incorporated)
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, Ingles Markets, Incorporated Investment/ Profit Sharing Plan is a benefit plan reported by Ingles Markets, Incorporated under EIN 56-0846267 and plan number 001. The latest loaded filing year is 2023. The filing reports 17,514 participants and $181,927,652 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$181.9MPlan net assets, end of year$181,926,928
Participants17.5KCovered participants reported17,514
Assets / participant$10.4KComputed: assets ÷ participants$10,388 (computed)
Provider compensation$227.5K1 Schedule C provider row(s)$227,549
- Plan sponsor
- Ingles Markets, Incorporated
- EIN
- 56-0846267
- Plan number
- 001
- Plan type
- 2
- Location
- Black Mountain, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 17,514 | H, C | 20240705125419NAL0010192401001 |
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)$181.9M total assets
Net assets$181.9MLiabilities$724
Full reported line items
Net assets
- Total assets (EOY)
- $181,927,652
- Total liabilities (EOY)
- $724
- Net assets (EOY)
- $181,926,928
- Net assets (BOY)
- $161,362,178
Income & contributions
- Employer contributions
- $6,010,272
- Participant contributions
- $11,748,034
- Total contributions
- $18,467,745
- Total income / additions
- $37,683,522
Expenses & distributions
- Benefits paid
- $16,952,822
- Administrative expenses
- $216,119
- Total expenses
- $17,118,772
- Net increase / (decrease)
- $20,564,750
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.
34%66%
Employer 34%Participant 66%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income45%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $227,549 | $0 | 2023 |