The Binding Site, Inc. 401(K) Retirement Savings Plan — Form 5500 plan (The Binding Site, 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, The Binding Site, Inc. 401(K) Retirement Savings Plan is a benefit plan reported by The Binding Site, Inc. under EIN 33-0282653 and plan number 001. The latest loaded filing year is 2023. The filing reports 220 participants and $22,550,091 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$0Plan net assets, end of year
Participants220Covered participants reported
Assets / participant$0Computed: assets ÷ participants$0 (computed)
Provider compensation$34.1K4 Schedule C provider row(s)$34,072
Plan sponsor
The Binding Site, Inc.
EIN
33-0282653
Plan number
001
Plan type
2
Location
San Diego, CA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023220H, C20241014155345NAL0053020434001
2023209H, C20241119182218NAL0005075040001
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.

Money in vs. money out
Total income / additions$452.1K
Total expenses$171.8K
Benefits paid / distributions$169.8K
Contributions
Employer$0
Participant$0
Full reported line items

Net assets

Total assets (EOY)
$0
Total liabilities (EOY)
$0
Net assets (EOY)
$0
Net assets (BOY)
$22,550,091

Income & contributions

Employer contributions
$0
Participant contributions
$0
Total contributions
$0
Total income / additions
$452,093

Expenses & distributions

Benefits paid
$169,846
Administrative expenses
$1,951
Total expenses
$171,797
Net increase / (decrease)
$280,296
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.

Benefits paid ÷ total income38%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Voya Retirement Insurance&Annuity CSERVICE PROVIDER$3,156$7,7592023
MorningstarSERVICE PROVIDER$3,156$7,7592023
San Diego Pension ConsultantsTHIRD PARTY ADMINISTRATO$0$10,2912023
Voya Retirement Insurance&Annuity CSERVICE PROVIDER$1,951$02023

Related Form 5500 pages