2023 Form 5500 filing — Magic Software Participating Companies 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 20241014113026NAL0026045985001) for Magic Software Participating Companies 401(K) Plan, reported by Coretech Consulting Group, LLC under EIN 04-3709993 and plan number 001. It reports 5,285 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014113026NAL0026045985001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Coretech Consulting Group, LLC
- EIN
- 04-3709993
- Plan number
- 001
- Location
- Fort Washington, PA
- Participants
- 5,285
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $47,521,872
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $47,521,872
- Employer contributions
- $976,329
- Participant contributions
- $7,077,606
- Total income / additions
- $15,574,877
- Benefits paid
- $6,017,873
- Administrative expenses
- $160,847
- Total expenses
- $6,241,421
- Net increase / (decrease)
- $9,333,456
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lincoln National Corporation | SERVICE PROVIDER | $117,043 | $0 |
| Teal, Becker & Chiaramonte | AUDITOR | $29,000 | not reported in the loaded dataset |
| Envestnet Retirement Solutions | ADVISORY | $14,804 | not reported in the loaded dataset |