SANDERS FORD, INC. 401(K) SAVINGS PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
SANDERS FORD, INC.
This Profit Sharing plan holds $7M in total assets and serves 101 participants as of 2022. It is sponsored by SANDERS FORD, INC. in North Carolina. The plan reported a net loss of $996K for the year.
What the Filing Says About SANDERS FORD, INC. 401(K) SAVINGS PLAN
SANDERS FORD, INC. 401(K) SAVINGS PLAN is a Profit Sharing retirement plan sponsored by SANDERS FORD, INC., headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 101 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 560388324, and the plan has been effective since 1994-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $8M at the beginning of 2022 to $7M at year-end — a decline of 13.0%. Net assets (after liabilities) closed the year at $7M, with reported net income of $-995,816 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $8M |
| Total Assets (End of Year) | $7M |
| Net Assets (End of Year) | $7M |
| Net Income | $-995,816 |
| Plan Type | Profit Sharing |
| Employer EIN | 560388324 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in North Carolina
Peer Profit Sharing plans — same state, same plan type — ranked by total assets.
- THE DUKE UNIVERSITY FACULTY AND STAFF RETIREMENT PLAN $9.0B · 44,809
- WAKE FOREST BAPTIST MEDICAL CENTER 403(B) RETIREMENT SAVINGS PLAN $3.2B · 18,961
- LENOVO SAVINGS PLAN $2.3B · 4,748
- THE MOSES H. CONE MEMORIAL HOSPITAL VOLUNTARY SAVINGS PLAN $1.5B · 13,606
- WAKE FOREST UNIVERSITY RETIREMENT PLAN $798M · 3,092
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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.
Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 560388324.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.