2023 Form 5500 filing — Management Consulting, Inc. Profit Sharing 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 20240917115032NAL0002747473001) for Management Consulting, Inc. Profit Sharing 401(K) Plan, reported by Management Consulting, Inc. under EIN 54-1244651 and plan number 001. It reports 515 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240917115032NAL0002747473001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Management Consulting, Inc.
- EIN
- 54-1244651
- Plan number
- 001
- Location
- Virginia Beach, VA
- Participants
- 515
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $32,813,819
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,813,819
- Employer contributions
- $769,139
- Participant contributions
- $996,185
- Total income / additions
- $5,849,997
- Benefits paid
- $3,173,333
- Administrative expenses
- $102,488
- Total expenses
- $3,307,979
- Net increase / (decrease)
- $2,542,018
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $45,000 | $0 |
| The Ascent Group, LLC | INVESTMENT ADVISORY | $42,992 | not reported in the loaded dataset |
| Bdo | CONTRACT ADMINISTRATOR | $14,497 | not reported in the loaded dataset |