Shift Digital Retirement Savings Plan — Form 5500 plan (Sanctus, LLC Dba Shift Digital)
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, Shift Digital Retirement Savings Plan is a benefit plan reported by Sanctus, LLC Dba Shift Digital under EIN 36-4856116 and plan number 001. The latest loaded filing year is 2023. The filing reports 792 participants and $31,927,370 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sanctus, LLC Dba Shift Digital
- EIN
- 36-4856116
- Plan number
- 001
- Plan type
- 2
- Location
- Birmingham, MI
- Latest filing year
- 2023
- Participants
- 792
- End-of-year plan assets
- $31,927,370
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 792 | H, C | 20241015102108NAL0014392547001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $31,927,370
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,927,370
- Net assets (BOY)
- $24,787,258
Income & contributions
- Employer contributions
- $571,477
- Participant contributions
- $3,740,534
- Total contributions
- $4,747,177
- Total income / additions
- $9,642,342
Expenses & distributions
- Benefits paid
- $2,400,993
- Administrative expenses
- $101,237
- Total expenses
- $2,502,230
- Net increase / (decrease)
- $7,140,112
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $82,639 | $0 | 2023 |
| Morgan Stanley Global | INVESTMENT ADVISORY | $18,630 | $120 | 2023 |
| Great Lakes Pension Associates, Inc | OTHER SERVICES | $0 | $13,092 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Sanctus, LLC Dba Shift Digital
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Birmingham, MI
- Principal Life Insurance Company — Schedule C compensation
- Morgan Stanley Global — Schedule C compensation
- Great Lakes Pension Associates, Inc — Schedule C compensation