2023 Form 5500 filing — Medical Specialists Of The Palm Beaches, Inc. 401(K) Savings 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 20250430083529NAL0001682977001) for Medical Specialists Of The Palm Beaches, Inc. 401(K) Savings Plan, reported by Medical Specialists Of The Palm Beaches, Inc. under EIN 65-0580501 and plan number 001. It reports 428 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250430083529NAL0001682977001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Medical Specialists Of The Palm Beaches, Inc.
- EIN
- 65-0580501
- Plan number
- 001
- Location
- Boynton Beach, FL
- Participants
- 428
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $52,264,068
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $52,264,068
- Employer contributions
- $970,285
- Participant contributions
- $1,697,289
- Total income / additions
- $11,393,007
- Benefits paid
- $6,652,589
- Administrative expenses
- $117,467
- Total expenses
- $6,791,621
- Net increase / (decrease)
- $4,601,386
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pnc Retirement Solutions | INVESTMENT ADVISOR | $49,219 | not reported in the loaded dataset |
| Lincoln National Corporation | CONTRACT ADMIN | $47,248 | $0 |
| Kaufman Rossin & Co | AUDITOR | $21,000 | not reported in the loaded dataset |