2023 Form 5500 filing — Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust

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 20241015183554NAL0050910752004) for Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust, reported by Fortis Payment Systems, LLC Dba Fortis under EIN 27-3375894 and plan number 001. It reports 272 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)$5.4MReported net assets$5,418,838

Participants272

Provider compensation$37.4K4 Schedule C row(s)$37,393

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20241015183554NAL0050910752004
Plan sponsor: Fortis Payment Systems, LLC Dba Fortis
EIN: 27-3375894
Plan number: 001
Location: Plano, TX
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)$5.4M total assets

Net assets$5.4MLiabilities$5.1K

Money in vs. money out

Total income / additions$2.8M

Total expenses$303.4K

Benefits paid / distributions$261.7K

Contributions

Employer$634.6K

Participant$1.3M

Full reported line items

Total assets (EOY): $5,423,938
Total liabilities (EOY): $5,100
Net assets (EOY): $5,418,838
Employer contributions: $634,635
Participant contributions: $1,349,951
Total income / additions: $2,814,506
Benefits paid: $261,686
Administrative expenses: $36,695
Total expenses: $303,449
Net increase / (decrease): $2,511,057

Schedule C

Reported service provider compensation

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

1
Empower Annuity Insurance Company O$23.6K
RECORDKEEPER · Direct $23.6K · Indirect $0
2
Merrill Lynch Pierce Fenner & Smith$8.8K
INVESTMENT ADVISOR · Direct $8.8K · Indirect $0
3
Definiti LLC$3.2K
CONTRACT ADMIN · Direct $2.5K · Indirect $700
4
Empower Advisory Group, LLC$1.8K
INVESTMENT MGMT · Direct $1.8K · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241015183554NAL0050910752004 cover?: It is the 2023 Form 5500 filing for Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust, reported by Fortis Payment Systems, LLC Dba Fortis (EIN 27-3375894).
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).