2023 Form 5500 filing — Network Designs, Inc. 401(K) Retirement 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 20241015130625NAL0028516609001) for Network Designs, Inc. 401(K) Retirement Plan, reported by Network Designs, Inc. under EIN 54-1297075 and plan number 001. It reports 160 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$18.3MReported net assets$18,330,248

Participants160

Provider compensation$66K4 Schedule C row(s)$65,960

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20241015130625NAL0028516609001
Plan sponsor: Network Designs, Inc.
EIN: 54-1297075
Plan number: 001
Location: Mclean, VA
Received date: not reported in the loaded dataset

How to read this filing

This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
Schedule chips (Sch H / I / C) show which schedules this filing includes.
Net assets = total assets minus total liabilities (Schedule H/I).
Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
For the plan's full history, open the plan profile.

Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$18.3M total assets

Net assets$18.3MLiabilities$0

Money in vs. money out

Total income / additions$5.4M

Total expenses$985K

Benefits paid / distributions$939.3K

Contributions

Employer$502.7K

Participant$1.8M

Full reported line items

Total assets (EOY): $18,330,248
Total liabilities (EOY): $0
Net assets (EOY): $18,330,248
Employer contributions: $502,675
Participant contributions: $1,807,955
Total income / additions: $5,364,623
Benefits paid: $939,272
Administrative expenses: $44,111
Total expenses: $984,953
Net increase / (decrease): $4,379,670

Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

1
Principal Life Insurance Company$41.3K
CONTRACT ADMINISTRATOR · Direct $41.3K · Indirect $0
2
Securities America, Inc.$20K
OTHER SERVICES · Direct $0 · Indirect $20K
3
Newport Group, Inc.$4.6K
CONTRACT ADMINISTRATOR · Direct $625 · Indirect $4K
4
Wilshire Advisors, LLC$0
INVESTMENT ADVISORY · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241015130625NAL0028516609001 cover?: It is the 2023 Form 5500 filing for Network Designs, Inc. 401(K) Retirement Plan, reported by Network Designs, Inc. (EIN 54-1297075).
Which Form 5500 schedules are attached to this 2023 filing?: Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).