First Rate, Inc. Profit Sharing Plan (With 401(K) Safe Harbor Provisions) — Form 5500 plan (First Rate, 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, First Rate, Inc. Profit Sharing Plan (With 401(K) Safe Harbor Provisions) is a benefit plan reported by First Rate, Inc. under EIN 75-2391523 and plan number 001. The latest loaded filing year is 2023. The filing reports 109 participants and $28,941,956 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
First Rate, Inc.
EIN
75-2391523
Plan number
001
Plan type
2
Location
Arlington, TX
Latest filing year
2023
Participants
109
End-of-year plan assets
$28,941,956

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023109H, C20241014163228NAL0045317792001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$28,941,956
Total liabilities (EOY)
$0
Net assets (EOY)
$28,941,956
Net assets (BOY)
$25,774,909

Income & contributions

Employer contributions
$1,068,540
Participant contributions
$762,669
Total contributions
$1,845,386
Total income / additions
$5,434,422

Expenses & distributions

Benefits paid
$2,256,837
Administrative expenses
$10,359
Total expenses
$2,267,375
Net increase / (decrease)
$3,167,047

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Newport Group, Inc.RECORDKEEPER$10,359$02023

Related Form 5500 pages