Gemma Power Systems 401(K) Plan — Form 5500 plan (Gemma Power Systems, LLC)
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, Gemma Power Systems 401(K) Plan is a benefit plan reported by Gemma Power Systems, LLC under EIN 06-1479207 and plan number 001. The latest loaded filing year is 2023. The filing reports 328 participants and $35,286,460 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Gemma Power Systems, LLC
- EIN
- 06-1479207
- Plan number
- 001
- Plan type
- 2
- Location
- Glastonbury, CT
- Latest filing year
- 2023
- Participants
- 328
- End-of-year plan assets
- $35,286,460
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 328 | H, C | 20241015192643NAL0030753361001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $35,286,460
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $35,286,460
- Net assets (BOY)
- $27,588,517
Income & contributions
- Employer contributions
- $1,925,097
- Participant contributions
- $2,178,856
- Total contributions
- $4,165,130
- Total income / additions
- $9,059,234
Expenses & distributions
- Benefits paid
- $1,247,418
- Administrative expenses
- $92,748
- Total expenses
- $1,361,291
- Net increase / (decrease)
- $7,697,943
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Woodbury Financial Services Inc. | INVESTMENT/FINANCIAL ADVI | $40,417 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $32,741 | $0 | 2023 |
| Pension Consultants, Inc | CONSULTANT | $10,590 | $0 | 2023 |
| Cohnreznick Llp | ACCOUNTANT | $9,000 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Gemma Power Systems, LLC
- 2023 Form 5500 filing
- Form 5500 filings in CT
- 401(k) and benefit plan filings in Glastonbury, CT
- Woodbury Financial Services Inc. — Schedule C compensation
- Adp, Inc. — Schedule C compensation
- Pension Consultants, Inc — Schedule C compensation
- Cohnreznick Llp — Schedule C compensation
- Adp Broker-Dealer — Schedule C compensation