Hobbs Iron & Metal Co., Inc. Proft Sharing Plan — Form 5500 plan (Hobbs Iron & Metal Co., 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, Hobbs Iron & Metal Co., Inc. Proft Sharing Plan is a benefit plan reported by Hobbs Iron & Metal Co., Inc. under EIN 85-0263872 and plan number 001. The latest loaded filing year is 2023. The filing reports 94 participants and $3,923,078 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hobbs Iron & Metal Co., Inc.
- EIN
- 85-0263872
- Plan number
- 001
- Plan type
- 2
- Location
- Hobbs, NM
- Latest filing year
- 2023
- Participants
- 94
- End-of-year plan assets
- $3,923,078
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 94 | I | 20250211151818NAL0010076419001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $3,923,078
- Net assets (EOY)
- $3,923,078
- Net assets (BOY)
- $4,079,847
Income & contributions
- Employer contributions
- $336,700
- Total income / additions
- $952,920
Expenses & distributions
- Benefits paid
- $1,057,084
- Administrative expenses
- $52,605
- Total expenses
- $1,109,689
- Net increase / (decrease)
- -$156,769
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.