Hood Employees 401(K) Plan — Form 5500 plan (Hood Motor 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, Hood Employees 401(K) Plan is a benefit plan reported by Hood Motor Company under EIN 72-1082428 and plan number 001. The latest loaded filing year is 2023. The filing reports 230 participants and $7,236,318 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hood Motor Company
- EIN
- 72-1082428
- Plan number
- 001
- Plan type
- 2
- Location
- Hammond, LA
- Latest filing year
- 2023
- Participants
- 230
- End-of-year plan assets
- $7,236,318
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 230 | H, C | 20241009082749NAL0018028161001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,236,318
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,236,318
- Net assets (BOY)
- $6,166,085
Income & contributions
- Employer contributions
- $61,225
- Participant contributions
- $639,296
- Total contributions
- $701,727
- Total income / additions
- $1,703,608
Expenses & distributions
- Benefits paid
- $544,817
- Administrative expenses
- $56,379
- Total expenses
- $633,375
- Net increase / (decrease)
- $1,070,233
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $56,378 | $0 | 2023 |
| Edward Jones | INVESTMENT ADVISORY | $0 | $15,774 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |