2023 Form 5500 filing — Learn It Systems, LLC 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 20241014170946NAL0013670195001) for Learn It Systems, LLC 401(K) Plan, reported by Learn It Systems, LLC under EIN 83-0474386 and plan number 001. It reports 6,312 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014170946NAL0013670195001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Learn It Systems, LLC
- EIN
- 83-0474386
- Plan number
- 001
- Location
- Baltimore, MD
- Participants
- 6,312
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $49,640,181
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $49,640,181
- Employer contributions
- $23,833
- Participant contributions
- $6,295,364
- Total income / additions
- $14,524,730
- Benefits paid
- $3,684,400
- Administrative expenses
- $135,974
- Total expenses
- $3,889,956
- Net increase / (decrease)
- $10,634,774
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ubs Financial Services Inc | ADVISOR | $60,000 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $44,974 | $0 |
| Sc&H Attest Services, P.C. | ACCOUNTANT/AUDITOR | $31,000 | not reported in the loaded dataset |