2023 Form 5500 filing — Mbs Asset Management, LLC 401(K) 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 20240603120017NAL0018136305001) for Mbs Asset Management, LLC 401(K) Plan, reported by Mbs Asset Management LLC under EIN 27-5242020 and plan number 001. It reports 847 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240603120017NAL0018136305001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mbs Asset Management LLC
- EIN
- 27-5242020
- Plan number
- 001
- Location
- Manhattan Beach, CA
- Participants
- 847
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $46,996,163
- Net assets (EOY)
- $46,996,163
- Employer contributions
- $2,783,378
- Participant contributions
- $4,242,461
- Total income / additions
- $13,258,390
- Benefits paid
- $1,730,660
- Administrative expenses
- $268,619
- Total expenses
- $1,999,279
- Net increase / (decrease)
- $11,259,111
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Bank Of America Na | INVESTMENT ADVISORY | $195,552 | not reported in the loaded dataset |
| Transamerica Retirement Solutions | RECORD KEEPER | $73,067 | $0 |