Nqm Funding, LLC 401(K) Plan — Form 5500 plan (Nqm Funding, 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, Nqm Funding, LLC 401(K) Plan is a benefit plan reported by Nqm Funding, LLC under EIN 65-0709224 and plan number 004. The latest loaded filing year is 2023. The filing reports 395 participants and $5,623,508 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$5.6MPlan net assets, end of year$5,623,508
Participants395Covered participants reported
Assets / participant$14.2KComputed: assets ÷ participants$14,237 (computed)
Provider compensation$7.7K1 Schedule C provider row(s)$7,657
- Plan sponsor
- Nqm Funding, LLC
- EIN
- 65-0709224
- Plan number
- 004
- Plan type
- 2
- Location
- Boca Raton, FL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 395 | H, C | 20241015134723NAL0028629249001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$5.6M total assets
Net assets$5.6MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $5,623,508
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,623,508
- Net assets (BOY)
- $4,196,198
Income & contributions
- Participant contributions
- $1,127,528
- Total contributions
- $1,466,253
- Total income / additions
- $2,293,255
Expenses & distributions
- Benefits paid
- $794,104
- Administrative expenses
- $71,841
- Total expenses
- $865,945
- Net increase / (decrease)
- $1,427,310
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Usa | RECORDKEEPER | $7,657 | not reported in the loaded dataset | 2023 |