2023 Form 5500 filing — Preferred Credit Inc. 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 20241010101648NAL0011367107001) for Preferred Credit Inc. Retirement Savings Plan, reported by Preferred Credit, Inc under EIN 41-1643940 and plan number 001. It reports 292 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010101648NAL0011367107001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Preferred Credit, Inc
- EIN
- 41-1643940
- Plan number
- 001
- Location
- Saint Cloud, MN
- Participants
- 292
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,462,674
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,462,674
- Employer contributions
- $734,082
- Participant contributions
- $1,332,999
- Total income / additions
- $4,973,858
- Benefits paid
- $1,021,557
- Administrative expenses
- $33,488
- Total expenses
- $1,055,045
- Net increase / (decrease)
- $3,918,813
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Strong Tower Advisory Services | INVESTMENT/FINANCIAL ADVI | $29,300 | $0 |
| Adp, Inc. | RECORD KEEPER | $4,188 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |