2023 Form 5500 filing — Lbm Advantage Inc 401(K) Profit Sharing Plan & Trust
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 20240710084614NAL0008450451001) for Lbm Advantage Inc 401(K) Profit Sharing Plan & Trust, reported by Lbm Advantage Inc under EIN 14-1498340 and plan number 001. It reports 138 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$24.8MReported net assets$24,801,001
Participants138
Provider compensation$88.4K3 Schedule C row(s)$88,447
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240710084614NAL0008450451001
- Plan sponsor
- Lbm Advantage Inc
- EIN
- 14-1498340
- Plan number
- 001
- Location
- New Windsor, NY
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$24.8M total assets
Net assets$24.8MLiabilities$0
Full reported line items
- Total assets (EOY)
- $24,801,001
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,801,001
- Employer contributions
- $710,782
- Participant contributions
- $1,062,806
- Total income / additions
- $5,595,632
- Benefits paid
- $1,908,496
- Administrative expenses
- $89,121
- Total expenses
- $1,997,617
- Net increase / (decrease)
- $3,598,015
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Planning Directions, Inc | ADVISOR | $41,045 | not reported in the loaded dataset |
| Paychex, Inc. | RECORDKEEPER | $33,551 | not reported in the loaded dataset |
| Commonwealth Financial Network | ADVISOR | $13,851 | not reported in the loaded dataset |