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, Langley & Banack, Incorporated Employees Profit Sharing Plan And Trust is a benefit plan reported by Langley & Banack, Inc. under EIN 74-2407279 and plan number 001. The latest loaded filing year is 2023. The filing reports 161 participants and $29,916,380 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $29,916,380
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,916,380
- Net assets (BOY)
- $27,136,922
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $1,084,997
- Total contributions
- $1,099,952
- Total income / additions
- $5,908,778
Expenses & distributions
- Benefits paid
- $3,123,267
- Administrative expenses
- $6,053
- Total expenses
- $3,129,320
- Net increase / (decrease)
- $2,779,458