Maymead Inc. Profit Sharing Plan — Form 5500 plan (Maymead, 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, Maymead Inc. Profit Sharing Plan is a benefit plan reported by Maymead, Inc. under EIN 62-0284410 and plan number 001. The latest loaded filing year is 2023. The filing reports 250 participants and $5,422,801 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$5.4MPlan net assets, end of year$5,422,801
Participants250Covered participants reported
Assets / participant$21.7KComputed: assets ÷ participants$21,691 (computed)
Provider compensationNone reported1 Schedule C provider row(s)
- Plan sponsor
- Maymead, Inc.
- EIN
- 62-0284410
- Plan number
- 001
- Plan type
- 3
- Location
- Mountain City, TN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 250 | H, C | 20240702111029NAL0005482193001 |
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)$5.4M total assets
Net assets$5.4MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $5,422,801
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,422,801
- Net assets (BOY)
- $4,369,086
Income & contributions
- Employer contributions
- $311,560
- Participant contributions
- $378,122
- Total contributions
- $1,133,392
- Total income / additions
- $1,756,539
Expenses & distributions
- Benefits paid
- $702,549
- Administrative expenses
- $275
- Total expenses
- $702,824
- Net increase / (decrease)
- $1,053,715
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.
45%55%
Employer 45%Participant 55%
Total expenses ÷ net assets13%Computed ratio
Benefits paid ÷ total income40%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capital Research & Management Co | N/A | $0 | not reported in the loaded dataset | 2023 |