2023 Form 5500 filing — Global Technical Systems 401(K) 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 20240806052039NAL0001927649001) for Global Technical Systems 401(K) Plan, reported by Global Technical Systems under EIN 54-1849930 and plan number 001. It reports 199 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240806052039NAL0001927649001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Global Technical Systems
- EIN
- 54-1849930
- Plan number
- 001
- Location
- Virginia Beach, VA
- Participants
- 199
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,657,685
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,657,685
- Employer contributions
- $378,838
- Participant contributions
- $821,435
- Total income / additions
- $2,753,384
- Benefits paid
- $1,121,672
- Administrative expenses
- $32,470
- Total expenses
- $1,154,142
- Net increase / (decrease)
- $1,599,242
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $28,162 | $0 |
| Mmlis | BROKER/ADVISOR | $0 | $17,416 |
| Usi Advisors Inc | INVESTMENT ADVISOR | $3,940 | not reported in the loaded dataset |
| Bdo Usa, Llp | CONTRACT ADMIN | $0 | $3,827 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $368 | not reported in the loaded dataset |