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, Parks Motor Group 401(K) Plan is a benefit plan reported by Longwood Lincoln Mercury, Inc. under EIN 59-1636956 and plan number 001. The latest loaded filing year is 2023. The filing reports 374 participants and $10,577,074 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,577,074
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,577,074
- Net assets (BOY)
- $8,321,168
Income & contributions
- Employer contributions
- $70,000
- Participant contributions
- $1,018,687
- Total contributions
- $1,253,516
- Total income / additions
- $2,664,911
Expenses & distributions
- Benefits paid
- $338,906
- Administrative expenses
- $65,252
- Total expenses
- $409,005
- Net increase / (decrease)
- $2,255,906