Maxim Management Services, LLC 401(K) Profit Sharing Plan — Form 5500 plan (Maxim Management Services, 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, Maxim Management Services, LLC 401(K) Profit Sharing Plan is a benefit plan reported by Maxim Management Services, LLC under EIN 16-1503313 and plan number 001. The latest loaded filing year is 2023. The filing reports 314 participants and $23,132,811 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Maxim Management Services, LLC
- EIN
- 16-1503313
- Plan number
- 001
- Plan type
- 2
- Location
- Cheektowaga, NY
- Latest filing year
- 2023
- Participants
- 314
- End-of-year plan assets
- $23,132,811
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 314 | H, C | 20241015083200NAL0027837297001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,132,811
- Total liabilities (EOY)
- $1,942
- Net assets (EOY)
- $23,130,869
- Net assets (BOY)
- $19,252,029
Income & contributions
- Employer contributions
- $610,918
- Participant contributions
- $685,761
- Total contributions
- $1,376,748
- Total income / additions
- $4,641,975
Expenses & distributions
- Benefits paid
- $704,671
- Administrative expenses
- $46,921
- Total expenses
- $751,592
- Net increase / (decrease)
- $3,890,383
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Newport Group, Inc. | NONE | $33,848 | $0 | 2023 |
| Lawley Retirement Advisors,LLC | NONE | $8,986 | not reported in the loaded dataset | 2023 |
| The Angell Pension Group, Inc. | TPA | $3,100 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Maxim Management Services, LLC
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Cheektowaga, NY
- Newport Group, Inc. — Schedule C compensation
- Lawley Retirement Advisors,LLC — Schedule C compensation
- The Angell Pension Group, Inc. — Schedule C compensation