2023 Form 5500 filing — Gateway Health Clinic, Ltd. 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 20240617130434NAL0003595474001) for Gateway Health Clinic, Ltd. 401(K) Profit Sharing Plan, reported by Gateway Family Health Clinic, Ltd. under EIN 41-1000577 and plan number 002. It reports 118 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240617130434NAL0003595474001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Gateway Family Health Clinic, Ltd.
- EIN
- 41-1000577
- Plan number
- 002
- Location
- Moose Lake, MN
- Participants
- 118
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,172,033
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,172,033
- Employer contributions
- $406,551
- Participant contributions
- $501,409
- Total income / additions
- $3,626,302
- Benefits paid
- $1,285,369
- Administrative expenses
- $4,052
- Total expenses
- $1,289,421
- Net increase / (decrease)
- $2,336,881
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Securities | BROKER/ADVISO R | $30,554 | $12,120 |
| Tax Sheltered Compensation, Inc. | CONTRACT ADMI R | not reported in the loaded dataset | $10,000 |
| Empower Annuity Insurance Company | RECORDKEEPER MGMT | $0 | $0 |