Direct Distributors, Inc. 401(K) Plan — Form 5500 plan (Direct Distributors, 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, Direct Distributors, Inc. 401(K) Plan is a benefit plan reported by Direct Distributors, Inc. under EIN 56-0985207 and plan number 001. The latest loaded filing year is 2023. The filing reports 346 participants and $10,482,366 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Direct Distributors, Inc.
- EIN
- 56-0985207
- Plan number
- 001
- Plan type
- 2
- Location
- Garner, NC
- Latest filing year
- 2023
- Participants
- 346
- End-of-year plan assets
- $10,482,366
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 346 | H, C | 20240924110420NAL0004633827001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,482,366
- Total liabilities (EOY)
- $15,389
- Net assets (EOY)
- $10,466,977
- Net assets (BOY)
- $9,412,407
Income & contributions
- Employer contributions
- $272,296
- Participant contributions
- $674,615
- Total contributions
- $1,110,394
- Total income / additions
- $2,656,328
Expenses & distributions
- Benefits paid
- $1,507,643
- Administrative expenses
- $75,033
- Total expenses
- $1,601,758
- Net increase / (decrease)
- $1,054,570
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $31,063 | $0 | 2023 |
| First Citizens Bank And Trust Compa | INVESTMENT ADVISOR | $30,000 | not reported in the loaded dataset | 2023 |
| Mcmillan Pate & Company Llp | AUDITOR | $13,500 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $470 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Direct Distributors, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Garner, NC
- Empower Annuity Insurance Company O — Schedule C compensation
- First Citizens Bank And Trust Compa — Schedule C compensation
- Mcmillan Pate & Company Llp — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation