2023 Form 5500 filing — Preservation Management, Inc. 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240517085519NAL0062155264001) for Preservation Management, Inc. 401(K) Profit Sharing Plan, reported by Preservation Management, Inc. under EIN 01-0460929 and plan number 001. It reports 372 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240517085519NAL0062155264001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Preservation Management, Inc.
- EIN
- 01-0460929
- Plan number
- 001
- Location
- South Portland, ME
- Participants
- 372
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,037,433
- Net assets (EOY)
- $7,037,433
- Employer contributions
- $176,073
- Participant contributions
- $629,595
- Total income / additions
- $2,464,561
- Benefits paid
- $1,235,000
- Administrative expenses
- $61,611
- Total expenses
- $1,312,822
- Net increase / (decrease)
- $1,151,739
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $33,081 | not reported in the loaded dataset |
| Valmark Advisers Inc | INVESTMENT AD VISER | $17,556 | not reported in the loaded dataset |
| Caron And Bletzer Pllc | AUDITOR | $7,210 | not reported in the loaded dataset |
| Downeast Pension Services Inc | TPA | $2,250 | not reported in the loaded dataset |