2023 Form 5500 filing — Summit Career College 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 20240712053942NAL0027721792001) for Summit Career College 401(K) Profit Sharing Plan, reported by Summit Career College, Inc. under EIN 33-0430969 and plan number 001. It reports 152 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240712053942NAL0027721792001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Summit Career College, Inc.
- EIN
- 33-0430969
- Plan number
- 001
- Location
- San Bernardino, CA
- Participants
- 152
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,040,246
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,040,246
- Employer contributions
- $22,165
- Participant contributions
- $381,853
- Total income / additions
- $892,476
- Benefits paid
- $189,997
- Administrative expenses
- $36,333
- Total expenses
- $228,773
- Net increase / (decrease)
- $663,703
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $23,403 | $0 |
| Accelerate Investment Advisors LLC | INVESTMENT/FINANCIAL ADVI | $6,684 | $0 |
| 401k Advisors Inc | INVESTMENT/FINANCIAL ADVI | $6,246 | $0 |