2023 Form 5500 filing — Valsource, Inc. 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 20241015092213NAL0048646576001) for Valsource, Inc. 401(K) Plan, reported by Valsource, Inc. under EIN 23-2855010 and plan number 002. It reports 200 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015092213NAL0048646576001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Valsource, Inc.
- EIN
- 23-2855010
- Plan number
- 002
- Location
- Downingtown, PA
- Participants
- 200
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $37,736,120
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,736,120
- Employer contributions
- $46,147
- Participant contributions
- $2,268,217
- Total income / additions
- $8,039,199
- Benefits paid
- $786,887
- Administrative expenses
- $87,040
- Total expenses
- $873,927
- Net increase / (decrease)
- $7,165,272
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Commonwealth Equity Services LLC | INVESTMENT ADVISOR | $30,421 | not reported in the loaded dataset |
| Transamerica Retirement Solutions | RECORD KEEPER | $25,463 | $0 |
| Commonwealth Financial Network | INVESTMENT ADVISORY PLAN | $23,827 | not reported in the loaded dataset |
| Pentegra Services Inc | CONTRACT ADMIN | $8,632 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $2,168 | $0 |
| Pentegra Services Inc | OTHER | $16 | not reported in the loaded dataset |