2023 Form 5500 filing — F.G. Downing Development, 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 20241015115809NAL0016298179001) for F.G. Downing Development, Inc. 401(K) Plan, reported by F.G. Downing Development, Inc. under EIN 16-1250648 and plan number 001. It reports 543 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015115809NAL0016298179001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- F.G. Downing Development, Inc.
- EIN
- 16-1250648
- Plan number
- 001
- Location
- Orchard Park, NY
- Participants
- 543
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $29,503,663
- Net assets (EOY)
- $29,503,663
- Employer contributions
- $140,153
- Participant contributions
- $1,345,174
- Total income / additions
- $6,324,051
- Benefits paid
- $7,769,839
- Administrative expenses
- $119,916
- Total expenses
- $7,889,755
- Net increase / (decrease)
- -$1,565,704
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMI NISTRATOR | $90,561 | not reported in the loaded dataset |
| Lawley-Courier Advisors, LLC | INVESTMENT ADVISORY | $0 | $30,433 |
| Actuarial Consulting Services Inc. | CONTRACT ADMINISTRATOR | $14,184 | $12,119 |
| Bonadio & Co., Llp | ACCOUNTANT | $15,625 | not reported in the loaded dataset |
| Morningstar Investment Management L | INV ADV. PARTICIPANTS | $0 | not reported in the loaded dataset |