2023 Form 5500 filing — Future Technologies, Inc. 401(K) Retirement Savings 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 20241014150300NAL0054091666001) for Future Technologies, Inc. 401(K) Retirement Savings Plan, reported by Future Technologies, Inc. under EIN 54-1646962 and plan number 004. It reports 339 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014150300NAL0054091666001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Future Technologies, Inc.
- EIN
- 54-1646962
- Plan number
- 004
- Location
- Fairfax, VA
- Participants
- 339
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,637,170
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,637,170
- Employer contributions
- $289,659
- Participant contributions
- $966,315
- Total income / additions
- $3,741,546
- Benefits paid
- $2,542,674
- Administrative expenses
- $47,184
- Total expenses
- $2,589,858
- Net increase / (decrease)
- $1,151,688
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $37,103 | $0 |
| Leafhouse Financial Advisors, LLC | INVESTMENT ADVISOR | $7,072 | not reported in the loaded dataset |
| Ascensus Holdings Inc Dba | CONTRACT ADMIN | $85 | $5,000 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $2,110 | not reported in the loaded dataset |