2023 Form 5500 filing — Shift Digital 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 20241015102108NAL0014392547001) for Shift Digital Retirement Savings Plan, reported by Sanctus, LLC Dba Shift Digital under EIN 36-4856116 and plan number 001. It reports 792 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015102108NAL0014392547001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sanctus, LLC Dba Shift Digital
- EIN
- 36-4856116
- Plan number
- 001
- Location
- Birmingham, MI
- Participants
- 792
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $31,927,370
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,927,370
- Employer contributions
- $571,477
- Participant contributions
- $3,740,534
- Total income / additions
- $9,642,342
- Benefits paid
- $2,400,993
- Administrative expenses
- $101,237
- Total expenses
- $2,502,230
- Net increase / (decrease)
- $7,140,112
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $82,639 | $0 |
| Morgan Stanley Global | INVESTMENT ADVISORY | $18,630 | $120 |
| Great Lakes Pension Associates, Inc | OTHER SERVICES | $0 | $13,092 |