Permian Ford-Lincoln-Mercury, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Permian Ford-Lincoln-Mercury, 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, Permian Ford-Lincoln-Mercury, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Permian Ford-Lincoln-Mercury, Inc. under EIN 85-0203221 and plan number 001. The latest loaded filing year is 2023. The filing reports 213 participants and $6,524,646 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Permian Ford-Lincoln-Mercury, Inc.
- EIN
- 85-0203221
- Plan number
- 001
- Plan type
- 2
- Location
- Hobbs, NM
- Latest filing year
- 2023
- Participants
- 213
- End-of-year plan assets
- $6,524,646
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 213 | H, C | 20240212173234NAL0010441425001 |
| 2023 | 177 | H, C | 20241015143025NAL0014845859001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,951,948
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,951,948
- Net assets (BOY)
- $6,488,848
Income & contributions
- Employer contributions
- $133,630
- Participant contributions
- $570,884
- Total contributions
- $704,514
- Total income / additions
- $2,170,383
Expenses & distributions
- Benefits paid
- $686,847
- Administrative expenses
- $10,424
- Total expenses
- $707,283
- Net increase / (decrease)
- $1,463,100
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wells Fargo Bank, N.A. | RECORDKEEPER/BOOKKEEPER | $3,786 | $17,000 | 2023 |
| Adp, Inc. | RECORD KEEPER | $9,259 | $0 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $140 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Permian Ford-Lincoln-Mercury, Inc.
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- Form 5500 filings in NM
- 401(k) and benefit plan filings in Hobbs, NM
- Wells Fargo Bank, N.A. — Schedule C compensation
- Adp, Inc. — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation