Letter Systems, Inc. Employee Stock Ownership 401(K) Plan — Form 5500 plan (Letter Systems, Inc.)
Plain-English plan 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, Letter Systems, Inc. Employee Stock Ownership 401(K) Plan is a benefit plan reported by Letter Systems, Inc. under EIN 01-0263845 and plan number 002. The latest loaded filing year is 2023. The filing reports 226 participants and $25,242,168 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Letter Systems, Inc.
- EIN
- 01-0263845
- Plan number
- 002
- Plan type
- 2
- Location
- Augusta, ME
- Latest filing year
- 2023
- Participants
- 226
- End-of-year plan assets
- $25,242,168
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 226 | H, C | 20241014150521NAL0045014240001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,242,168
- Total liabilities (EOY)
- $8,846
- Net assets (EOY)
- $25,233,322
- Net assets (BOY)
- $19,249,397
Income & contributions
- Employer contributions
- $159,263
- Participant contributions
- $740,357
- Total contributions
- $1,346,137
- Total income / additions
- $7,179,213
Expenses & distributions
- Benefits paid
- $1,101,235
- Administrative expenses
- $93,819
- Total expenses
- $1,195,288
- Net increase / (decrease)
- $5,983,925
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wipfli Llp | AUDITOR | $35,200 | not reported in the loaded dataset | 2023 |
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $32,640 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Co Americ | RECORDKEEPER | $15,510 | $0 | 2023 |
| The Angell Pension Group, Inc. | CONTRACT ADMIN | $8,000 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group LLC | INVESTMENT MGMT | $2,889 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Letter Systems, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in Augusta, ME
- Wipfli Llp — Schedule C compensation
- Merrill Lynch Pierce Fenner & Smith — Schedule C compensation
- Empower Annuity Insurance Co Americ — Schedule C compensation
- The Angell Pension Group, Inc. — Schedule C compensation
- Empower Advisory Group LLC — Schedule C compensation