P.R.O.C.E.E.D. Inc. 401(K) Plan — Form 5500 plan (P.R.O.C.E.E.D. Inc.)
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, P.R.O.C.E.E.D. Inc. 401(K) Plan is a benefit plan reported by P.R.O.C.E.E.D. Inc. under EIN 22-2088378 and plan number 001. The latest loaded filing year is 2023. The filing reports 134 participants and $6,174,679 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- P.R.O.C.E.E.D. Inc.
- EIN
- 22-2088378
- Plan number
- 001
- Plan type
- 2
- Location
- Elizabeth, NJ
- Latest filing year
- 2023
- Participants
- 134
- End-of-year plan assets
- $6,174,679
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 134 | H, C | 20241008061638NAL0008146867001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,174,679
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,174,679
- Net assets (BOY)
- $5,865,031
Income & contributions
- Employer contributions
- $221,179
- Participant contributions
- $362,171
- Total contributions
- $595,075
- Total income / additions
- $1,242,715
Expenses & distributions
- Benefits paid
- $876,065
- Administrative expenses
- $27,086
- Total expenses
- $933,067
- Net increase / (decrease)
- $309,648
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $27,085 | $2,278 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |