Creative Business Solutions, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Creative Business Solutions,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, Creative Business Solutions, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Creative Business Solutions,Inc. under EIN 80-0501539 and plan number 001. The latest loaded filing year is 2023. The filing reports 144 participants and $4,282,916 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Creative Business Solutions,Inc.
- EIN
- 80-0501539
- Plan number
- 001
- Plan type
- 2
- Location
- Bowie, MD
- Latest filing year
- 2023
- Participants
- 144
- End-of-year plan assets
- $4,282,916
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 144 | H, C | 20241014153051NAL0046599168001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,282,916
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,282,916
- Net assets (BOY)
- $3,601,792
Income & contributions
- Employer contributions
- $275,845
- Participant contributions
- $348,923
- Total contributions
- $624,768
- Total income / additions
- $1,181,702
Expenses & distributions
- Benefits paid
- $431,572
- Administrative expenses
- $52,073
- Total expenses
- $500,578
- Net increase / (decrease)
- $681,124
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $32,865 | $0 | 2023 |
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $14,668 | $2,021 | 2023 |
| Prime Benefits Inc. | CONTRACT ADMINISTRATOR | $4,540 | $1,420 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Creative Business Solutions,Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Bowie, MD
- Principal Life Insurance Company — Schedule C compensation
- Merrill Lynch Pierce Fenner & Smith — Schedule C compensation
- Prime Benefits Inc. — Schedule C compensation