2023 Form 5500 filing — Elevate Property Management, LLC 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 20240805134638NAL0002754418001) for Elevate Property Management, LLC 401(K) Profit Sharing Plan & Trust, reported by Elevate Property Management, LLC under EIN 27-3695592 and plan number 001. It reports 127 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240805134638NAL0002754418001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Elevate Property Management, LLC
- EIN
- 27-3695592
- Plan number
- 001
- Location
- Wayzata, MN
- Participants
- 127
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,756,484
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,756,484
- Employer contributions
- $129,157
- Participant contributions
- $316,854
- Total income / additions
- $689,504
- Benefits paid
- $349,106
- Administrative expenses
- $28,325
- Total expenses
- $377,431
- Net increase / (decrease)
- $312,073
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Financial Life Insuran | RECORDKEEPER | $21,014 | $0 |
| Tax Sheltered Compensation, Inc | RECORDKEEPER | $6,995 | $13 |
| Mesirow Financial, Inc | INVESTMENT AD VISORY - PL | $316 | $0 |
| Charles Schwab & Co., Inc. | SECURITES BROKERAGE | $7 | $0 |