The Service Professor LLC 401(K) Profit Sharing Plan & Trust — Form 5500 plan (The Service Professor 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, The Service Professor LLC 401(K) Profit Sharing Plan & Trust is a benefit plan reported by The Service Professor LLC under EIN 38-2327874 and plan number 001. The latest loaded filing year is 2023. The filing reports 194 participants and $3,712,114 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Service Professor LLC
- EIN
- 38-2327874
- Plan number
- 001
- Plan type
- 2
- Location
- Grand Rapids, MI
- Latest filing year
- 2023
- Participants
- 194
- End-of-year plan assets
- $3,712,114
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 194 | H, C | 20241016145858NAL0030787985001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,712,114
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,712,114
- Net assets (BOY)
- $3,262,829
Income & contributions
- Employer contributions
- $306,852
- Participant contributions
- $665,266
- Total contributions
- $973,642
- Total income / additions
- $1,627,024
Expenses & distributions
- Benefits paid
- $1,160,497
- Administrative expenses
- $11,109
- Total expenses
- $1,177,739
- Net increase / (decrease)
- $449,285
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Paychex, Inc. | RECORDKEEPER | $49,387 | $0 | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $275 | $0 | 2023 |