Cibt 401(K) Retirement Savings Plan — Form 5500 plan (Cibt 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, Cibt 401(K) Retirement Savings Plan is a benefit plan reported by Cibt Inc under EIN 52-1631723 and plan number 001. The latest loaded filing year is 2023. The filing reports 464 participants and $17,654,667 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cibt Inc
- EIN
- 52-1631723
- Plan number
- 001
- Plan type
- 2
- Location
- Mclean, VA
- Latest filing year
- 2023
- Participants
- 464
- End-of-year plan assets
- $17,654,667
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 464 | H, C | 20241015110650NAL0028151633001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,654,667
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,654,667
- Net assets (BOY)
- $15,107,850
Income & contributions
- Employer contributions
- $466,005
- Participant contributions
- $1,639,874
- Total contributions
- $2,623,461
- Total income / additions
- $5,375,320
Expenses & distributions
- Benefits paid
- $2,692,051
- Administrative expenses
- $72,614
- Total expenses
- $2,828,503
- Net increase / (decrease)
- $2,546,817
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $72,614 | $0 | 2023 |
| Pensionmark Retirement Group | INVESTMENT ADVISORY | $0 | $31,192 | 2023 |