Norcross Supply Company Profit Sharing Plan — Form 5500 plan (Norcross Supply Company)

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, Norcross Supply Company Profit Sharing Plan is a benefit plan reported by Norcross Supply Company under EIN 58-0520673 and plan number 001. The latest loaded filing year is 2023. The filing reports 24 participants and $4,046,440 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$4MPlan net assets, end of year$4,046,440
Participants24Covered participants reported
Assets / participant$168.6KComputed: assets ÷ participants$168,602 (computed)
Provider compensationNone reported
Plan sponsor
Norcross Supply Company
EIN
58-0520673
Plan number
001
Plan type
2
Location
Norcross, GA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202324I20240422121718NAL0000069505001
Schedule I · 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)$4M total assets
Net assets$4MLiabilities
Money in vs. money out
Total income / additions$778.2K
Total expenses$74.9K
Benefits paid / distributions$74.5K
Contributions
Employer$421.6K
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$4,046,440
Net assets (EOY)
$4,046,440
Net assets (BOY)
$3,343,187

Income & contributions

Employer contributions
$421,563
Total income / additions
$778,163

Expenses & distributions

Benefits paid
$74,530
Administrative expenses
$380
Total expenses
$74,910
Net increase / (decrease)
$703,253
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.

Total expenses ÷ net assets2%Computed ratio
Benefits paid ÷ total income10%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages