2023 Form 5500 filing — Purchasing Power 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 20240725160910NAL0014458257001) for Purchasing Power 401(K) Plan, reported by Purchasing Power LLC under EIN 90-0193342 and plan number 001. It reports 364 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240725160910NAL0014458257001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Purchasing Power LLC
- EIN
- 90-0193342
- Plan number
- 001
- Location
- Atlanta, GA
- Participants
- 364
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $20,791,743
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,791,743
- Employer contributions
- $774,414
- Participant contributions
- $2,397,539
- Total income / additions
- $6,344,500
- Benefits paid
- $1,733,232
- Administrative expenses
- $103,551
- Total expenses
- $1,851,001
- Net increase / (decrease)
- $4,493,499
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Financial Life Ins | RECORDKEEPER | $57,757 | $0 |
| Ubs Financial Services Inc | INVESTMENT ADVISORY | $21,579 | not reported in the loaded dataset |
| Merrill Lynch Life Agency, Inc | INVESTMENT ADVISORY | $10,470 | not reported in the loaded dataset |
| Futureplan By Ascensus | RECORDKEEPER | $6,250 | $0 |
| Legacy Retirement Solutions, LLC | RECORDKEEPER | $4,000 | $0 |