Credence Management Solutions 401(K) Profit Sharing Plan — Form 5500 plan (Credence Management Solutions 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, Credence Management Solutions 401(K) Profit Sharing Plan is a benefit plan reported by Credence Management Solutions LLC under EIN 20-3679671 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,522 participants and $67,510,702 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Credence Management Solutions LLC
EIN
20-3679671
Plan number
002
Plan type
2
Location
Vienna, VA
Latest filing year
2023
Participants
1,522
End-of-year plan assets
$67,510,702

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,522H, C20240806142209NAL0002358465001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$67,510,702
Total liabilities (EOY)
$0
Net assets (EOY)
$67,510,702
Net assets (BOY)
$50,530,270

Income & contributions

Employer contributions
$3,420,395
Participant contributions
$8,567,288
Total contributions
$15,211,762
Total income / additions
$24,663,212

Expenses & distributions

Benefits paid
$7,428,569
Administrative expenses
$252,445
Total expenses
$7,682,780
Net increase / (decrease)
$16,980,432

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$252,445$02023
Merrill LynchCONSULTANT$0$107,1882023

Related Form 5500 pages