2023 Form 5500 filing — Best Formulations 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 20241011164552NAL0044513698001) for Best Formulations 401(K) Plan, reported by Best Formulations, LLC under EIN 95-4063263 and plan number 002. It reports 465 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)$7.4MReported net assets$7,434,954
Participants465
Provider compensation$59.5K3 Schedule C row(s)$59,487
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241011164552NAL0044513698001
- Plan sponsor
- Best Formulations, LLC
- EIN
- 95-4063263
- Plan number
- 002
- Location
- City Of Industry, CA
- 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)$7.4M total assets
Net assets$7.4MLiabilities—
Full reported line items
- Total assets (EOY)
- $7,434,954
- Net assets (EOY)
- $7,434,954
- Employer contributions
- $144,175
- Participant contributions
- $1,265,827
- Total income / additions
- $2,548,256
- Benefits paid
- $615,732
- Administrative expenses
- $62,463
- Total expenses
- $678,195
- Net increase / (decrease)
- $1,870,061
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Life Ins Co | RECORDKEEPER | $27,166 | not reported in the loaded dataset |
| Sageview Advisory Group | RIA | $21,733 | not reported in the loaded dataset |
| The Raymond Company Pension Servcie | TPA | $10,588 | not reported in the loaded dataset |