2023 Form 5500 filing — West Michigan Dermatology Retirement Savings 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 20240724071240NAL0007952563001) for West Michigan Dermatology Retirement Savings Plan, reported by West Michigan Dermatology under EIN 38-2561981 and plan number 002. It reports 141 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240724071240NAL0007952563001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- West Michigan Dermatology
- EIN
- 38-2561981
- Plan number
- 002
- Location
- Grandville, MI
- Participants
- 141
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,492,615
- Total liabilities (EOY)
- $16,249
- Net assets (EOY)
- $11,476,366
- Employer contributions
- $555,509
- Participant contributions
- $553,031
- Total income / additions
- $2,927,417
- Benefits paid
- $1,503,198
- Administrative expenses
- $53,566
- Total expenses
- $1,561,564
- Net increase / (decrease)
- $1,365,853
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Bluewater Asset Management | FINANCIAL ADVISOR | $38,831 | not reported in the loaded dataset |
| Penserv Plan Service, Inc. | RECORDKEEPER | $9,459 | not reported in the loaded dataset |
| Mg Trust Company, LLC | CUSTODIAL | $5,276 | not reported in the loaded dataset |