2023 Form 5500 filing — Adara, Inc. 401(K) & Profit Sharing 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 20241015214752NAL0017257011001) for Adara, Inc. 401(K) & Profit Sharing Plan, reported by Adara, Inc. under EIN 20-3602833 and plan number 001. It reports 242 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015214752NAL0017257011001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Adara, Inc.
- EIN
- 20-3602833
- Plan number
- 001
- Location
- Palo Alto, CA
- Participants
- 242
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,254,589
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,254,589
- Employer contributions
- $0
- Participant contributions
- $37,362
- Total income / additions
- $872,352
- Benefits paid
- $6,633,475
- Administrative expenses
- $28,567
- Total expenses
- $6,662,042
- Net increase / (decrease)
- -$5,789,690
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Jensen Financial Services Inc | ADVISOR | $18,000 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $9,174 | $0 |