Sovereign Consulting Inc. 401(K) Plan — Form 5500 plan (Sovereign Consulting 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, Sovereign Consulting Inc. 401(K) Plan is a benefit plan reported by Sovereign Consulting Inc. under EIN 22-3626647 and plan number 001. The latest loaded filing year is 2023. The filing reports 159 participants and $20,092,857 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sovereign Consulting Inc.
- EIN
- 22-3626647
- Plan number
- 001
- Plan type
- 2
- Location
- Cherry Hill, NJ
- Latest filing year
- 2023
- Participants
- 159
- End-of-year plan assets
- $20,092,857
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 159 | H, C | 20240726052844NAL0009953491001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,092,857
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,092,857
- Net assets (BOY)
- $18,078,170
Income & contributions
- Employer contributions
- $127,246
- Participant contributions
- $836,182
- Total contributions
- $1,360,087
- Total income / additions
- $4,136,231
Expenses & distributions
- Benefits paid
- $2,100,763
- Administrative expenses
- $18,440
- Total expenses
- $2,121,544
- Net increase / (decrease)
- $2,014,687
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $0 | $71,236 | 2023 |
| Adp, Inc. | RECORD KEEPER | $18,439 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |