Inizio 401(K) Plan — Form 5500 plan (Micromass Communications, 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, Inizio 401(K) Plan is a benefit plan reported by Micromass Communications, Inc. under EIN 56-1858635 and plan number 001. The latest loaded filing year is 2023. The filing reports 206 participants and $3,135 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Micromass Communications, Inc.
- EIN
- 56-1858635
- Plan number
- 001
- Plan type
- 2
- Location
- Cary, NC
- Latest filing year
- 2023
- Participants
- 206
- End-of-year plan assets
- $3,135
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 206 | H, C | 20241011112141NAL0044105874001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,135
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,135
- Net assets (BOY)
- $7,372,801
Income & contributions
- Employer contributions
- $326,823
- Participant contributions
- $1,497,468
- Total contributions
- $1,980,823
- Total income / additions
- $3,553,168
Expenses & distributions
- Benefits paid
- $639,513
- Administrative expenses
- $23,897
- Total expenses
- $663,410
- Net increase / (decrease)
- $2,889,758
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners | INVESTMENT/FINANCIAL ADVI | $22,016 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $1,880 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |
| Morningstar Retirement Manager | INVESTMENT MANAGER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Micromass Communications, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Cary, NC
- Global Retirement Partners — Schedule C compensation
- Adp, Inc. — Schedule C compensation
- Adp Broker-Dealer — Schedule C compensation
- Morningstar Retirement Manager — Schedule C compensation