Preferred Companies 401(K) Plan — Form 5500 plan (Preferred Companies)
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, Preferred Companies 401(K) Plan is a benefit plan reported by Preferred Companies under EIN 85-4220981 and plan number 001. The latest loaded filing year is 2023. The filing reports 136 participants and $1,115,201 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Preferred Companies
- EIN
- 85-4220981
- Plan number
- 001
- Plan type
- 2
- Location
- Jenison, MI
- Latest filing year
- 2023
- Participants
- 136
- End-of-year plan assets
- $1,115,201
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 136 | H, C | 20241015151517NAL0016723539001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,115,201
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,115,201
- Net assets (BOY)
- $614,251
Income & contributions
- Employer contributions
- $179,429
- Participant contributions
- $207,195
- Total contributions
- $510,564
- Total income / additions
- $649,238
Expenses & distributions
- Benefits paid
- $145,105
- Administrative expenses
- $3,140
- Total expenses
- $148,288
- Net increase / (decrease)
- $500,950
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Edward Jones | REGIST INVEST ADVISOR | $5,064 | not reported in the loaded dataset | 2023 |
| Kdp Retirement Plan Services Inc | ADMINISTRATOR | $1,950 | $0 | 2023 |
| Capital Group Retirement Plan Servi | RECORDKEEPER | $1,190 | $0 | 2023 |