2023 Form 5500 filing — Ambit Group 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 20241015184737NAL0029417537001) for Ambit Group 401(K) Plan, reported by Ambit Group LLC under EIN 26-0013626 and plan number 002. It reports 181 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)$0Reported net assets

Participants181

Provider compensation$82.4K3 Schedule C row(s)$82,424

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20241015184737NAL0029417537001
Plan sponsor: Ambit Group LLC
EIN: 26-0013626
Plan number: 002
Location: Vienna, 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.

Money in vs. money out

Total income / additions$3M

Total expenses$4.6M

Benefits paid / distributions$4.5M

Contributions

Employer$356.6K

Participant$747.2K

Full reported line items

Total assets (EOY): $0
Total liabilities (EOY): $0
Net assets (EOY): $0
Employer contributions: $356,554
Participant contributions: $747,246
Total income / additions: $3,004,720
Benefits paid: $4,472,697
Administrative expenses: $80,547
Total expenses: $4,553,244
Net increase / (decrease): -$1,548,524

Schedule C

Reported service provider compensation

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

1
Principal Life Insurance Company$40.7K
CONTRACT ADMINISTRATOR · Direct $40.7K · Indirect $0
2
Gallagher Fiduciary Advisors, LLC$36.9K
INVESTMENT ADVISORY · Direct $36.8K · Indirect $87
3
Newport Group Inc.$4.8K
OTHER SERVICES · Direct $0 · Indirect $4.8K

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241015184737NAL0029417537001 cover?: It is the 2023 Form 5500 filing for Ambit Group 401(K) Plan, reported by Ambit Group LLC (EIN 26-0013626).
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).