2023 Form 5500 filing — The Gel Group, Inc. 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 20240927133832NAL0001290963001) for The Gel Group, Inc. 401(K) Plan, reported by The Gel Group, Inc. under EIN 57-0713831 and plan number 001. It reports 429 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240927133832NAL0001290963001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- The Gel Group, Inc.
- EIN
- 57-0713831
- Plan number
- 001
- Location
- Charleston, SC
- Participants
- 429
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $36,348,742
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $36,348,742
- Employer contributions
- $615,788
- Participant contributions
- $2,481,586
- Total income / additions
- $7,799,531
- Benefits paid
- $2,439,654
- Administrative expenses
- $95,979
- Total expenses
- $2,535,633
- Net increase / (decrease)
- $5,263,898
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $59,278 | $0 |
| Lpl Financial | INVESTMENT ADVISORY | $23,991 | not reported in the loaded dataset |
| Mma Securities LLC | CONTRACT ADMINISTRATOR | $12,717 | not reported in the loaded dataset |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |