Tractor & Equipment Company Employee Benefit Plan — Form 5500 plan (Tractor & Equipment 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, Tractor & Equipment Company Employee Benefit Plan is a benefit plan reported by Tractor & Equipment Company under EIN 63-0211767 and plan number 501. The latest loaded filing year is 2023. The filing reports 475 participants and $6,295,947 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5.7MPlan net assets, end of year$5,653,947
Participants475Covered participants reported
Assets / participant$13.3KComputed: assets ÷ participants$13,255 (computed)
Provider compensation$522.4K2 Schedule C provider row(s)$522,418
Plan sponsor
Tractor & Equipment Company
EIN
63-0211767
Plan number
501
Plan type
2
Location
Birmingham, AL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023475H, C20241011095504NAL0021630353001
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)$6.3M total assets
Net assets$5.7MLiabilities$642K
Money in vs. money out
Total income / additions$9.7M
Total expenses$9M
Benefits paid / distributions$9M
Contributions
Employer$4.8M
Participant$4.1M
Full reported line items

Net assets

Total assets (EOY)
$6,295,947
Total liabilities (EOY)
$642,000
Net assets (EOY)
$5,653,947
Net assets (BOY)
$4,894,825

Income & contributions

Employer contributions
$4,805,901
Participant contributions
$4,120,324
Total contributions
$8,926,225
Total income / additions
$9,739,362

Expenses & distributions

Benefits paid
$8,980,240
Total expenses
$8,980,240
Net increase / (decrease)
$759,122
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 54%Participant 46%
Total expenses ÷ net assets159%Computed ratio
Benefits paid ÷ total income92%Computed ratio
Provider comp. ÷ net assets9%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Blue Cross Blue Shield Of AlabamaNONE$452,218$66,6502023
CompsychNONE$3,550$02023

Related Form 5500 pages