Fonar Corporation 401(K) Plan — Form 5500 plan (Fonar Corporation)
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, Fonar Corporation 401(K) Plan is a benefit plan reported by Fonar Corporation under EIN 11-2464137 and plan number 001. The latest loaded filing year is 2023. The filing reports 795 participants and $42,516,625 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Fonar Corporation
- EIN
- 11-2464137
- Plan number
- 001
- Plan type
- 2
- Location
- Melville, NY
- Latest filing year
- 2023
- Participants
- 795
- End-of-year plan assets
- $42,516,625
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 795 | H, C | 20241015104903NAL0016173411001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $42,516,625
- Total liabilities (EOY)
- $61,181
- Net assets (EOY)
- $42,455,444
- Net assets (BOY)
- $36,709,422
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $1,779,034
- Total contributions
- $1,841,527
- Total income / additions
- $8,115,430
Expenses & distributions
- Benefits paid
- $2,364,042
- Administrative expenses
- $5,366
- Total expenses
- $2,369,408
- Net increase / (decrease)
- $5,746,022
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Red Bank Pension Services, Inc. | SERVICE PROVIDER | $4,875 | not reported in the loaded dataset | 2023 |