2023 Form 5500 filing — Tech Systems, Inc. Contractors And Employees Retirement 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 20241011144424NAL0039050800001) for Tech Systems, Inc. Contractors And Employees Retirement Plan, reported by Tech Systems, Inc. under EIN 54-1685707 and plan number 001. It reports 522 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011144424NAL0039050800001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Tech Systems, Inc.
- EIN
- 54-1685707
- Plan number
- 001
- Location
- Tysons, VA
- Participants
- 522
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,205,935
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,205,935
- Employer contributions
- $829,292
- Participant contributions
- $474,017
- Total income / additions
- $2,012,280
- Benefits paid
- $1,016,443
- Administrative expenses
- $63,238
- Total expenses
- $1,085,294
- Net increase / (decrease)
- $926,986
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $50,330 | $0 |
| Ubs Financial Services | OTHER SERVICES | $0 | $16,128 |
| Cbiz Benefits & Insurance Services | TPA | $12,907 | $2,156 |