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, Focused Management, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Focused Management, Inc. under EIN 54-1819459 and plan number 001. The latest loaded filing year is 2023. The filing reports 148 participants and $4,714,891 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,714,891
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,714,891
- Net assets (BOY)
- $4,265,378
Income & contributions
- Employer contributions
- $23,014
- Participant contributions
- $462,300
- Total contributions
- $492,493
- Total income / additions
- $1,031,141
Expenses & distributions
- Benefits paid
- $554,527
- Administrative expenses
- $27,101
- Total expenses
- $581,628
- Net increase / (decrease)
- $449,513