2023 Form 5500 filing — World Electronics Sales & Service, Inc. Group Medical 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 20240614114036NAL0016917859001) for World Electronics Sales & Service, Inc. Group Medical Plan, reported by World Electronics Sales & Service, Inc. under EIN 23-2196733 and plan number 506. It reports 85 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240614114036NAL0016917859001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- World Electronics Sales & Service, Inc.
- EIN
- 23-2196733
- Plan number
- 506
- Location
- Reading, PA
- Participants
- 85
- Schedules available
- Schedule I, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $98,877
- Total liabilities (EOY)
- $159,849
- Net assets (EOY)
- -$60,972
- Employer contributions
- $1,038,214
- Participant contributions
- $23,600
- Total income / additions
- $1,065,958
- Benefits paid
- $746,988
- Administrative expenses
- $6,390
- Total expenses
- $1,125,308
- Net increase / (decrease)
- -$59,350
- Schedule source
- Schedule I
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Patriot (Power-Kunkle Group, Inc.) | BROKER | $35,944 | not reported in the loaded dataset |
| The Benecon Group, LLC | BROKER | $20,607 | not reported in the loaded dataset |
| Capital Bluecross | ADMIN | $6,390 | not reported in the loaded dataset |
| Connectcare3, LLC | PATIENT ADVOCATE | $5,815 | not reported in the loaded dataset |