2023 Form 5500 filing — Exaktime Innovations, 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 20240820171155NAL0002853681001) for Exaktime Innovations, Inc. 401(K) Profit Sharing Plan, reported by Exaktime Innovations, Inc. under EIN 01-0552589 and plan number 001. It reports 355 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240820171155NAL0002853681001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Exaktime Innovations, Inc.
- EIN
- 01-0552589
- Plan number
- 001
- Location
- Ventura, CA
- Participants
- 355
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,558,286
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,558,286
- Employer contributions
- $892,476
- Participant contributions
- $1,560,992
- Total income / additions
- $4,662,132
- Benefits paid
- $1,653,013
- Administrative expenses
- $102,392
- Total expenses
- $1,755,405
- Net increase / (decrease)
- $2,906,727
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ameriprise Financial Services Inc. | INVESTMENT ADVISORY | $52,502 | not reported in the loaded dataset |
| Tag Resources LLC | PLAN ADMINISTRATOR | $15,091 | not reported in the loaded dataset |
| Pinnacle Plan Design, LLC | TPA | $11,539 | $0 |
| Futureplan By Ascensus,LLC | RECORDKEEPER | $3,530 | $0 |
| Transamerica Financial Life Ins. Co | RECORDKEEPER ADMINISTRATO | $444 | $0 |