2023 Form 5500 filing — The It Works! Global 401(K) Retirement & 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 20240726145345NAL0034738770001) for The It Works! Global 401(K) Retirement & Profit Sharing Plan, reported by It Works Marketing, Inc. under EIN 38-3593692 and plan number 001. It reports 175 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)$11.4MReported net assets$11,421,216
Participants175
Provider compensation$60K4 Schedule C row(s)$60,025
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240726145345NAL0034738770001
Plan sponsor
It Works Marketing, Inc.
EIN
38-3593692
Plan number
001
Location
Palmetto, FL
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)$11.4M total assets
Net assets$11.4MLiabilities$0
Money in vs. money out
Total income / additions$2.9M
Total expenses$1.4M
Benefits paid / distributions$1.3M
Contributions
EmployerNot reported
Participant$924K
Full reported line items
Total assets (EOY)
$11,421,216
Total liabilities (EOY)
$0
Net assets (EOY)
$11,421,216
Participant contributions
$924,038
Total income / additions
$2,864,559
Benefits paid
$1,307,937
Administrative expenses
$55,220
Total expenses
$1,363,157
Net increase / (decrease)
$1,501,402
Schedule C

Reported service provider compensation

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

  1. 1
    RECORDKEEPER · Direct $23.8K · Indirect $0
  2. 2
    INVESTMENT ADVISOR · Direct $15K
  3. 3
    INVESTMENT ADVISOR · Direct $11K
  4. 4
    CONTRACT ADMIN · Direct $5.2K · Indirect $5K

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240726145345NAL0034738770001 cover?
It is the 2023 Form 5500 filing for The It Works! Global 401(K) Retirement & Profit Sharing Plan, reported by It Works Marketing, Inc. (EIN 38-3593692).
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