2023 Form 5500 filing — Frank N. Magid Associates, Inc. 401(K) Profit Sharing 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 20241011144443NAL0011037635001) for Frank N. Magid Associates, Inc. 401(K) Profit Sharing Plan, reported by Frank N. Magid Associates, Inc under EIN 42-0894975 and plan number 001. It reports 186 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011144443NAL0011037635001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Frank N. Magid Associates, Inc
- EIN
- 42-0894975
- Plan number
- 001
- Location
- Minneapolis, MN
- Participants
- 186
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,251,701
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,251,701
- Employer contributions
- $50,000
- Participant contributions
- $1,290,914
- Total income / additions
- $5,509,112
- Benefits paid
- $4,343,551
- Administrative expenses
- $75,478
- Total expenses
- $4,420,898
- Net increase / (decrease)
- $1,088,214
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $30,680 | $0 |
| Kdv Wealth Management, LLC | INVESTMENT ADVISOR | $23,656 | not reported in the loaded dataset |
| Creative Planning Holdco LLC Dba Cr | INVESTMENT ADVISOR | $11,142 | not reported in the loaded dataset |
| Bohr, Dahm, Greif & Associates, P.C | AUDITOR | $10,000 | not reported in the loaded dataset |