2023 Form 5500 filing — The Ifp Group Of Companies Profit Sharing 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 20250710154335NAL0006731137001) for The Ifp Group Of Companies Profit Sharing 401(K) Plan, reported by Ifp Motion Solutions under EIN 42-1000175 and plan number 001. It reports 173 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250710154335NAL0006731137001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ifp Motion Solutions
- EIN
- 42-1000175
- Plan number
- 001
- Location
- Cedar Rapids, IA
- Participants
- 173
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $38,084,019
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,084,019
- Employer contributions
- $1,942,959
- Participant contributions
- $1,557,838
- Total income / additions
- $11,475,756
- Benefits paid
- $2,062,285
- Administrative expenses
- $84,182
- Total expenses
- $2,146,467
- Net increase / (decrease)
- $9,329,289
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $35,178 | $0 |
| Prime Capital Investment Advisors | ADVISOR | $32,104 | not reported in the loaded dataset |
| Bergankdv, Ltd. | ACCOUNTANT/AUDITOR | $16,900 | not reported in the loaded dataset |