2023 Form 5500 filing — Layerzero Power Systems Inc 401k Psp & Trust
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 20240731105012NAL0036331504001) for Layerzero Power Systems Inc 401k Psp & Trust, reported by Layerzero Power Systems, Inc. under EIN 34-1951447 and plan number 001. It reports 142 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$4.2MReported net assets$4,245,784
Participants142
Provider compensation$33.5K2 Schedule C row(s)$33,515
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240731105012NAL0036331504001
- Plan sponsor
- Layerzero Power Systems, Inc.
- EIN
- 34-1951447
- Plan number
- 001
- Location
- Aurora, OH
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$4.2M total assets
Net assets$4.2MLiabilities$0
Full reported line items
- Total assets (EOY)
- $4,245,784
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,245,784
- Employer contributions
- $226,440
- Participant contributions
- $459,156
- Total income / additions
- $1,140,310
- Benefits paid
- $213,963
- Administrative expenses
- $33,515
- Total expenses
- $247,478
- Net increase / (decrease)
- $892,832
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ascensus LLC | NONE | $16,919 | $0 |
| Merrill Lynch Retirement & Benefit | NONE | $16,596 | not reported in the loaded dataset |