2023 Form 5500 filing — Propel Schools 403(B) 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 20241015094042NAL0027969905001) for Propel Schools 403(B) Plan, reported by Propel Schools under EIN 03-0483260 and plan number 001. It reports 789 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015094042NAL0027969905001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Propel Schools
- EIN
- 03-0483260
- Plan number
- 001
- Location
- Pittsburgh, PA
- Participants
- 789
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $18,605,465
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,605,465
- Employer contributions
- $2,266,625
- Participant contributions
- $1,249,604
- Total income / additions
- $6,528,976
- Benefits paid
- $1,950,382
- Administrative expenses
- $48,062
- Total expenses
- $1,998,444
- Net increase / (decrease)
- $4,530,532
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $17,142 | $0 |
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $11,952 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $10,401 | not reported in the loaded dataset |
| M2b Retirement Consulting LLC | CONTRACT ADMIN | $5,600 | not reported in the loaded dataset |
| Anchor 316 Fiduciary Solutions LLC | OTHER | $2,967 | not reported in the loaded dataset |