2023 Form 5500 filing — Professional Finance Company, Inc. 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 20240731152324NAL0021783025001) for Professional Finance Company, Inc. 401(K) Profit Sharing Plan, reported by Professional Finance Company, Inc. under EIN 84-0997320 and plan number 001. It reports 147 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240731152324NAL0021783025001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Professional Finance Company, Inc.
- EIN
- 84-0997320
- Plan number
- 001
- Location
- Greeley, CO
- Participants
- 147
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,696,827
- Total liabilities (EOY)
- $17,960
- Net assets (EOY)
- $6,678,867
- Employer contributions
- $86,655
- Participant contributions
- $270,777
- Total income / additions
- $1,449,827
- Benefits paid
- $3,286,560
- Administrative expenses
- $36,454
- Total expenses
- $3,323,014
- Net increase / (decrease)
- -$1,873,187
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $36,453 | $0 |
| Triad Advisors Inc | INVESTMENT ADVISORY | $0 | $18,972 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |