2023 Form 5500 filing — Fram Group Employee 401(K) 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 20241010133743NAL0021059585001) for Fram Group Employee 401(K) Savings Plan, reported by Fram Group Operations LLC under EIN 80-0697545 and plan number 001. It reports 1,091 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010133743NAL0021059585001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Fram Group Operations LLC
- EIN
- 80-0697545
- Plan number
- 001
- Location
- Cleveland, OH
- Participants
- 1,091
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $37,238,161
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,238,161
- Employer contributions
- $444,733
- Participant contributions
- $1,163,317
- Total income / additions
- $8,212,586
- Benefits paid
- $7,393,289
- Administrative expenses
- $161,829
- Total expenses
- $7,555,118
- Net increase / (decrease)
- $657,468
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $139,129 | $0 |
| Cbiz Investment Advisory Services, | INVESTMENT ADVISORY | $0 | $32,776 |
| Bober Markey Fedorovich | ACCOUNTANT | $23,000 | not reported in the loaded dataset |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |