2023 Form 5500 filing — Diverse Power 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 20240925072542NAL0013953489001) for Diverse Power 401k Plan, reported by Diverse Power Incorporated, An Electric Membership Corporation under EIN 58-0465897 and plan number 001. It reports 148 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240925072542NAL0013953489001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Diverse Power Incorporated, An Electric Membership Corporation
- EIN
- 58-0465897
- Plan number
- 001
- Location
- Lagrange, GA
- Participants
- 148
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $33,737,875
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,737,875
- Employer contributions
- $1,785,969
- Participant contributions
- $841,438
- Total income / additions
- $5,930,855
- Benefits paid
- $1,494,256
- Administrative expenses
- $4,403
- Total expenses
- $1,514,592
- Net increase / (decrease)
- $4,416,263
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Raymond James Financial Services Ad | INVESTMENT ADVISOR | $65,357 | not reported in the loaded dataset |
| Ascensus Inc | TPA | $24,117 | $14,993 |
| Empower Annuity Insurance Company | RECORDKEEPER | $3,078 | $0 |