Versabar 401(K) Profit Sharing Plan — Form 5500 plan (Versabar, Incorporated)
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, Versabar 401(K) Profit Sharing Plan is a benefit plan reported by Versabar, Incorporated under EIN 72-0926021 and plan number 001. The latest loaded filing year is 2023. The filing reports 379 participants and $47,142,109 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$47.1MPlan net assets, end of year$47,142,109
Participants379Covered participants reported
Assets / participant$124.4KComputed: assets ÷ participants$124,386 (computed)
Provider compensation$85.5K3 Schedule C provider row(s)$85,503
- Plan sponsor
- Versabar, Incorporated
- EIN
- 72-0926021
- Plan number
- 001
- Plan type
- 3
- Location
- Houston, TX
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 379 | H, C | 20240814132659NAL0006526019001 |
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)$47.1M total assets
Net assets$47.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $47,142,109
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $47,142,109
- Net assets (BOY)
- $41,111,969
Income & contributions
- Employer contributions
- $767,764
- Participant contributions
- $1,564,342
- Total contributions
- $2,332,106
- Total income / additions
- $10,216,122
Expenses & distributions
- Benefits paid
- $4,100,479
- Administrative expenses
- $85,503
- Total expenses
- $4,185,982
- Net increase / (decrease)
- $6,030,140
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adg Wealth Management Group LLC | ADVISOR | $85,277 | not reported in the loaded dataset | 2023 |
| Bourgeois Bennett | ACCOUNTANT/AUDITOR | $7,117 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$6,891 | $0 | 2023 |