Lake Norman Security Patrol In 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Lake Norman Security Patrol In)
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, Lake Norman Security Patrol In 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Lake Norman Security Patrol In under EIN 56-0898176 and plan number 001. The latest loaded filing year is 2023. The filing reports 217 participants and $2,826,236 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lake Norman Security Patrol In
- EIN
- 56-0898176
- Plan number
- 001
- Plan type
- 2
- Location
- Statesville, NC
- Latest filing year
- 2023
- Participants
- 217
- End-of-year plan assets
- $2,826,236
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 217 | H, C | 20241015130853NAL0016455971001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,826,236
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,826,236
- Net assets (BOY)
- $2,065,011
Income & contributions
- Employer contributions
- $205,928
- Participant contributions
- $373,309
- Total contributions
- $579,237
- Total income / additions
- $962,655
Expenses & distributions
- Benefits paid
- $174,418
- Administrative expenses
- $25,139
- Total expenses
- $201,430
- Net increase / (decrease)
- $761,225
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Excel Wealth Management, LLC | ADVISOR | $10,705 | not reported in the loaded dataset | 2023 |
| Paychex, Inc. | RECORDKEEPER | $9,274 | not reported in the loaded dataset | 2023 |