Our Daily Bread Ministries 401(K) Retirement Plan — Form 5500 plan (Rbc Ministries Dba Our Daily Bread Ministries)
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, Our Daily Bread Ministries 401(K) Retirement Plan is a benefit plan reported by Rbc Ministries Dba Our Daily Bread Ministries under EIN 38-1613981 and plan number 002. The latest loaded filing year is 2023. The filing reports 337 participants and $27,491,992 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Rbc Ministries Dba Our Daily Bread Ministries
- EIN
- 38-1613981
- Plan number
- 002
- Plan type
- 2
- Location
- Grand Rapids, MI
- Latest filing year
- 2023
- Participants
- 337
- End-of-year plan assets
- $27,491,992
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 337 | H, C | 20240924134855NAL0012842465001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $27,491,992
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,491,992
- Net assets (BOY)
- $24,312,686
Income & contributions
- Employer contributions
- $691,565
- Participant contributions
- $1,890,727
- Total contributions
- $2,671,340
- Total income / additions
- $6,242,881
Expenses & distributions
- Benefits paid
- $2,980,342
- Administrative expenses
- $83,233
- Total expenses
- $3,063,575
- Net increase / (decrease)
- $3,179,306
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $83,233 | $0 | 2023 |
| Lpl Financial LLC - Rpcp | INVESTMENT ADVISORY | $0 | $55,618 | 2023 |
| Watkins Ross & Co | OTHER SERVICES | $0 | $8,080 | 2023 |
| Morningstar Investment Management L | INV AD, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Rbc Ministries Dba Our Daily Bread Ministries
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Grand Rapids, MI
- Principal Life Insurance Company — Schedule C compensation
- Lpl Financial LLC - Rpcp — Schedule C compensation
- Watkins Ross & Co — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation