2023 Form 5500 filing — Education Loan Finance, 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 20241010153849NAL0020449009001) for Education Loan Finance, Inc 401(K) Plan, reported by Education Loan Finance, Inc. under EIN 62-1586836 and plan number 003. It reports 304 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$19.6MReported net assets$19,648,315
Participants304
Provider compensation$16.8K1 Schedule C row(s)$16,838
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241010153849NAL0020449009001
- Plan sponsor
- Education Loan Finance, Inc.
- EIN
- 62-1586836
- Plan number
- 003
- Location
- Knoxville, TN
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$19.6M total assets
Net assets$19.6MLiabilities$0
Full reported line items
- Total assets (EOY)
- $19,648,315
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,648,315
- Employer contributions
- $97,979
- Participant contributions
- $1,929,270
- Total income / additions
- $4,342,173
- Benefits paid
- $1,407,325
- Administrative expenses
- $10,103
- Total expenses
- $1,417,428
- Net increase / (decrease)
- $2,924,745
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Unified Trust Company | RECORDKEEPER | $8,504 | $8,334 |