2023 Form 5500 filing — K-Flex Usa 401(K) Retirement Savings 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 20240913095650NAL0005888051001) for K-Flex Usa 401(K) Retirement Savings Plan, reported by K-Flex Usa LLC under EIN 56-2249271 and plan number 002. It reports 287 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240913095650NAL0005888051001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- K-Flex Usa LLC
- EIN
- 56-2249271
- Plan number
- 002
- Location
- Youngsville, NC
- Participants
- 287
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,500,308
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,500,308
- Employer contributions
- $482,801
- Participant contributions
- $688,129
- Total income / additions
- $2,357,153
- Benefits paid
- $1,548,563
- Administrative expenses
- $32,994
- Total expenses
- $1,594,901
- Net increase / (decrease)
- $762,252
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| First Allied Advisory Services, Inc | INVESTMENT/FINANCIAL ADVI | $19,281 | $0 |
| Adp, Inc. | RECORD KEEPER | $13,713 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |