2023 Form 5500 filing — Personnel Outsource 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 20240808094240NAL0002753891001) for Personnel Outsource 401(K) Plan, reported by Personnel Outsource Solutions, Inc. under EIN 56-2198979 and plan number 001. It reports 380 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240808094240NAL0002753891001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Personnel Outsource Solutions, Inc.
- EIN
- 56-2198979
- Plan number
- 001
- Location
- Kinston, NC
- Participants
- 380
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,022,380
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,022,380
- Employer contributions
- $149,693
- Participant contributions
- $436,959
- Total income / additions
- $954,662
- Benefits paid
- $484,278
- Administrative expenses
- $17,725
- Total expenses
- $502,003
- Net increase / (decrease)
- $452,659
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Qrps, Inc | CONTRACT ADMINISTRATOR | $10,450 | not reported in the loaded dataset |
| American Funds | RECORDKEEPER | $7,275 | not reported in the loaded dataset |