2023 Form 5500 filing — Innovia Medical 401k 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 20240827110118NAL0006042995001) for Innovia Medical 401k Plan, reported by Summit Medical, LLC. under EIN 27-3648857 and plan number 001. It reports 165 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240827110118NAL0006042995001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Summit Medical, LLC.
- EIN
- 27-3648857
- Plan number
- 001
- Location
- St. Paul, MN
- Participants
- 165
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,922,451
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,922,451
- Employer contributions
- $298,438
- Participant contributions
- $750,014
- Total income / additions
- $2,147,826
- Benefits paid
- $694,447
- Administrative expenses
- $37,588
- Total expenses
- $736,357
- Net increase / (decrease)
- $1,411,469
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Company Of Amer | RECORDKEEPER | $39,513 | $0 |
| Hauser Retirement Solutions LLC | INVESTMENT ADVISOR | $16,257 | not reported in the loaded dataset |
| The Angell Pension Group Inc | CONTRACT ADMINISTRATOR | $7,386 | $5,429 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $5 | not reported in the loaded dataset |