2023 Form 5500 filing — Summit Consulting, LLC 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240626113612NAL0005681139001) for Summit Consulting, LLC 401(K) Profit Sharing Plan, reported by Summit Consulting,LLC under EIN 95-4816438 and plan number 001. It reports 150 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240626113612NAL0005681139001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Summit Consulting,LLC
- EIN
- 95-4816438
- Plan number
- 001
- Location
- Washington, DC
- Participants
- 150
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,457,546
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,457,546
- Employer contributions
- $443,631
- Participant contributions
- $994,656
- Total income / additions
- $2,904,795
- Benefits paid
- $546,501
- Administrative expenses
- $72,604
- Total expenses
- $619,105
- Net increase / (decrease)
- $2,285,690
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $50,398 | $0 |
| Cetera Advisor Networks LLC | BROKER/ADVISER | $0 | $31,943 |
| Coastal Pension Services | CONTRACT ADMIN | $13,968 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $4,219 | not reported in the loaded dataset |
| Leafhouse Financial Advisors LLC | OTHER | $4,028 | not reported in the loaded dataset |