2023 Form 5500 filing — Prevailing Multiple Employer 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 20241015164340NAL0050508304001) for Prevailing Multiple Employer Plan, reported by Security 1 Solutions LLC under EIN 45-4454591 and plan number 001. It reports 251 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015164340NAL0050508304001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Security 1 Solutions LLC
- EIN
- 45-4454591
- Plan number
- 001
- Location
- Gaithersburg, MD
- Participants
- 251
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $3,727,731
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,727,731
- Employer contributions
- $967,415
- Participant contributions
- $64,810
- Total income / additions
- $1,289,577
- Benefits paid
- $400,165
- Administrative expenses
- $41,566
- Total expenses
- $441,731
- Net increase / (decrease)
- $847,846
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Novus Advisors | INVESTMENT ADVISOR | $17,364 | not reported in the loaded dataset |
| Specialized Plan Administrators | RECORDKEEPER | $14,672 | not reported in the loaded dataset |
| Pentegra Services, Inc. | RECORDKEEPER | $8,324 | not reported in the loaded dataset |
| Matrix | CUSTODIAN | $1,205 | not reported in the loaded dataset |