Gateway Supply Company Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Gateway Supply Co 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, Gateway Supply Company Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Gateway Supply Co Inc under EIN 57-0445511 and plan number 001. The latest loaded filing year is 2023. The filing reports 273 participants and $287,265 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$287.3KPlan net assets, end of year$287,265
Participants273Covered participants reported
Assets / participant$1.1KComputed: assets ÷ participants$1,052 (computed)
Provider compensationNone reported
Plan sponsor
Gateway Supply Co Inc
EIN
57-0445511
Plan number
001
Plan type
2
Location
Columbia, SC
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023273H20241004093518NAL0022339266001
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)$287.3K total assets
Net assets$287.3KLiabilities$0
Money in vs. money out
Total income / additions$1.9M
Total expenses$15.7M
Benefits paid / distributions$15.7M
Contributions
Employer$296.8K
Participant$793.6K
Full reported line items

Net assets

Total assets (EOY)
$287,265
Total liabilities (EOY)
$0
Net assets (EOY)
$287,265
Net assets (BOY)
$14,105,991

Income & contributions

Employer contributions
$296,761
Participant contributions
$793,565
Total contributions
$1,118,041
Total income / additions
$1,907,877

Expenses & distributions

Benefits paid
$15,663,161
Administrative expenses
$59,058
Total expenses
$15,726,603
Net increase / (decrease)
-$13,818,726
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 27%Participant 73%
Total expenses ÷ net assets5475%Computed ratio
Benefits paid ÷ total income821%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages