Sharp Clinical Services, Inc. 401(K) And Profit Sharing Plan — Form 5500 plan (Sharp Clinical Services, 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, Sharp Clinical Services, Inc. 401(K) And Profit Sharing Plan is a benefit plan reported by Sharp Clinical Services, Inc under EIN 32-0383032 and plan number 001. The latest loaded filing year is 2023. The filing reports 250 participants and $7,769,508 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7.8MPlan net assets, end of year$7,769,508
Participants250Covered participants reported
Assets / participant$31.1KComputed: assets ÷ participants$31,078 (computed)
Provider compensation$35.6K2 Schedule C provider row(s)$35,585
Plan sponsor
Sharp Clinical Services, Inc
EIN
32-0383032
Plan number
001
Plan type
2
Location
Bethlehem, PA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023250H, C20240807051417NAL0007636690001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$7.8M total assets
Net assets$7.8MLiabilities$0
Money in vs. money out
Total income / additions$2.5M
Total expenses$600.9K
Benefits paid / distributions$536.9K
Contributions
Employer$268.1K
Participant$838.9K
Full reported line items

Net assets

Total assets (EOY)
$7,769,508
Total liabilities (EOY)
$0
Net assets (EOY)
$7,769,508
Net assets (BOY)
$5,865,871

Income & contributions

Employer contributions
$268,131
Participant contributions
$838,942
Total contributions
$1,341,358
Total income / additions
$2,504,569

Expenses & distributions

Benefits paid
$536,874
Administrative expenses
$35,586
Total expenses
$600,932
Net increase / (decrease)
$1,903,637
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 24%Participant 76%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income21%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Securities America Advisors, Inc.INVESTMENT/FINANCIAL ADVI$19,555$02023
Adp, Inc.RECORD KEEPER$16,030$02023

Related Form 5500 pages