Grassi & Co. Cpas, Pc Cash Balance Plan — Form 5500 plan (Grassi & Co., Cpa'S, P.C.)
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, Grassi & Co. Cpas, Pc Cash Balance Plan is a benefit plan reported by Grassi & Co., Cpa'S, P.C. under EIN 11-3266576 and plan number 002. The latest loaded filing year is 2023. The filing reports 441 participants and $7,157,952 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$7.1MPlan net assets, end of year$7,142,058
Participants441Covered participants reported
Assets / participant$16.2KComputed: assets ÷ participants$16,231 (computed)
Provider compensation$57.3K1 Schedule C provider row(s)$57,320
- Plan sponsor
- Grassi & Co., Cpa'S, P.C.
- EIN
- 11-3266576
- Plan number
- 002
- Plan type
- 2
- Location
- Jericho, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 441 | H, C | 20240923085457NAL0011161137001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$7.2M total assets
Net assets$7.1MLiabilities$15.9K
Full reported line items
Net assets
- Total assets (EOY)
- $7,157,952
- Total liabilities (EOY)
- $15,894
- Net assets (EOY)
- $7,142,058
- Net assets (BOY)
- $6,150,644
Income & contributions
- Employer contributions
- $1,000,000
- Participant contributions
- $0
- Total contributions
- $1,000,000
- Total income / additions
- $1,333,414
Expenses & distributions
- Benefits paid
- $284,257
- Administrative expenses
- $57,743
- Total expenses
- $342,000
- Net increase / (decrease)
- $991,414
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
100%
Employer 100%Participant 0%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income21%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ubs Financial Services | NONE | $57,320 | $0 | 2023 |