Databank Imx LLC 401(K) Plan — Form 5500 plan (Databank Imx 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, Databank Imx LLC 401(K) Plan is a benefit plan reported by Databank Imx LLC under EIN 25-1921937 and plan number 001. The latest loaded filing year is 2023. The filing reports 704 participants and $23,288,711 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Databank Imx LLC
- EIN
- 25-1921937
- Plan number
- 001
- Plan type
- 2
- Location
- Huntingdon Valley, PA
- Latest filing year
- 2023
- Participants
- 704
- End-of-year plan assets
- $23,288,711
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 704 | H, C | 20241015153531NAL0028959185001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,288,711
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,288,711
- Net assets (BOY)
- $21,074,928
Income & contributions
- Employer contributions
- $324,387
- Participant contributions
- $1,571,420
- Total contributions
- $1,995,458
- Total income / additions
- $5,012,726
Expenses & distributions
- Benefits paid
- $2,642,808
- Administrative expenses
- $147,361
- Total expenses
- $2,798,943
- Net increase / (decrease)
- $2,213,783
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ellin & Tucker | AUDITOR | $19,425 | not reported in the loaded dataset | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $2,056 | not reported in the loaded dataset | 2023 |