Ark Systems, Inc. Profit Sharing 401(K) Plan — Form 5500 plan (Ark Systems, 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, Ark Systems, Inc. Profit Sharing 401(K) Plan is a benefit plan reported by Ark Systems, Inc. under EIN 52-0986647 and plan number 001. The latest loaded filing year is 2023. The filing reports 137 participants and $11,504,073 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ark Systems, Inc.
- EIN
- 52-0986647
- Plan number
- 001
- Plan type
- 2
- Location
- Columbia, MD
- Latest filing year
- 2023
- Participants
- 137
- End-of-year plan assets
- $11,504,073
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 137 | H, C | 20241014121313NAL0052190450001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,504,073
- Total liabilities (EOY)
- $5,000
- Net assets (EOY)
- $11,499,073
- Net assets (BOY)
- $10,494,047
Income & contributions
- Employer contributions
- $112,964
- Participant contributions
- $535,956
- Total contributions
- $653,584
- Total income / additions
- $2,299,041
Expenses & distributions
- Benefits paid
- $1,182,534
- Administrative expenses
- $98,753
- Total expenses
- $1,294,015
- Net increase / (decrease)
- $1,005,026
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nationwide | RECORDKEEPER | $93,326 | $442 | 2023 |
| Kestra Investment Services, LLC | FINANCIAL ADVISOR | $0 | $25,451 | 2023 |
| Coastal Pension Services, Inc. | TPA | $5,419 | $6,254 | 2023 |
| Kestra Advisory Services, LLC | FINANCIAL ADVISOR | $0 | $7,787 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ark Systems, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Columbia, MD
- Nationwide — Schedule C compensation
- Kestra Investment Services, LLC — Schedule C compensation
- Coastal Pension Services, Inc. — Schedule C compensation
- Kestra Advisory Services, LLC — Schedule C compensation