2023 Form 5500 filing — Methodist Retirement Communities & Its Affiliated Organizations Associates 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 20240926200109NAL0000708003001) for Methodist Retirement Communities & Its Affiliated Organizations Associates 401(K) Plan, reported by Methodist Retirement Communities under EIN 74-1403088 and plan number 001. It reports 754 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926200109NAL0000708003001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Methodist Retirement Communities
- EIN
- 74-1403088
- Plan number
- 001
- Location
- The Woodlands, TX
- Participants
- 754
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,054,946
- Total liabilities (EOY)
- $1,087
- Net assets (EOY)
- $10,053,859
- Employer contributions
- $346,982
- Participant contributions
- $845,300
- Total income / additions
- $2,574,533
- Benefits paid
- $721,454
- Administrative expenses
- $83,188
- Total expenses
- $827,532
- Net increase / (decrease)
- $1,747,001
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ballew Advisors, Inc. | RIA | $26,140 | $0 |
| Compensation Strategies Group, Ltd. | TPA | $11,334 | $0 |
| John Hancock Life Insurance Co Usa | RECORDKEEPER | $9,091 | $0 |