2023 Form 5500 filing — Herson'S, Inc 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 20240715110341NAL0001587121001) for Herson'S, Inc 401(K) Profit Sharing Plan, reported by Herson'S, Inc under EIN 52-0908995 and plan number 001. It reports 210 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)$13.5MReported net assets$13,471,141
Participants210
Provider compensation$60.6K3 Schedule C row(s)$60,631
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240715110341NAL0001587121001
Plan sponsor
Herson'S, Inc
EIN
52-0908995
Plan number
001
Location
Rockville, MD
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
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)$13.5M total assets
Net assets$13.5MLiabilities$0
Money in vs. money out
Total income / additions$2.7M
Total expenses$774.5K
Benefits paid / distributions$719.8K
Contributions
Employer$165K
Participant$699.1K
Full reported line items
Total assets (EOY)
$13,471,141
Total liabilities (EOY)
$0
Net assets (EOY)
$13,471,141
Employer contributions
$165,033
Participant contributions
$699,100
Total income / additions
$2,710,758
Benefits paid
$719,825
Administrative expenses
$54,687
Total expenses
$774,512
Net increase / (decrease)
$1,936,246
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    CONTRACT ADMINISTRATOR · Direct $31.3K · Indirect $0
  2. 2
    CONSULTANT · Direct $23.4K · Indirect $105
  3. 3
    CONTRACT ADMINISTRATOR · Direct $0 · Indirect $5.8K

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240715110341NAL0001587121001 cover?
It is the 2023 Form 5500 filing for Herson'S, Inc 401(K) Profit Sharing Plan, reported by Herson'S, Inc (EIN 52-0908995).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages