Best Formulations 401(K) Plan — Form 5500 plan (Best Formulations, 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, Best Formulations 401(K) Plan is a benefit plan reported by Best Formulations, LLC under EIN 95-4063263 and plan number 002. The latest loaded filing year is 2023. The filing reports 465 participants and $7,434,954 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Best Formulations, LLC
- EIN
- 95-4063263
- Plan number
- 002
- Plan type
- 2
- Location
- City Of Industry, CA
- Latest filing year
- 2023
- Participants
- 465
- End-of-year plan assets
- $7,434,954
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 465 | H, C | 20241011164552NAL0044513698001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,434,954
- Net assets (EOY)
- $7,434,954
- Net assets (BOY)
- $5,564,893
Income & contributions
- Employer contributions
- $144,175
- Participant contributions
- $1,265,827
- Total contributions
- $1,505,262
- Total income / additions
- $2,548,256
Expenses & distributions
- Benefits paid
- $615,732
- Administrative expenses
- $62,463
- Total expenses
- $678,195
- Net increase / (decrease)
- $1,870,061
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Ins Co | RECORDKEEPER | $27,166 | not reported in the loaded dataset | 2023 |
| Sageview Advisory Group | RIA | $21,733 | not reported in the loaded dataset | 2023 |
| The Raymond Company Pension Servcie | TPA | $10,588 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Best Formulations, LLC
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in City Of Industry, CA
- John Hancock Life Ins Co — Schedule C compensation
- Sageview Advisory Group — Schedule C compensation
- The Raymond Company Pension Servcie — Schedule C compensation