2023 Form 5500 filing — Innovation First International 401(K) Profit Sharing Plan And 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 20240815151336NAL0022736448001) for Innovation First International 401(K) Profit Sharing Plan And Trust, reported by Innovation First International, Inc. under EIN 27-1530354 and plan number 003. It reports 247 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240815151336NAL0022736448001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Innovation First International, Inc.
- EIN
- 27-1530354
- Plan number
- 003
- Location
- Greenville, TX
- Participants
- 247
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $20,849,556
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,849,556
- Employer contributions
- $495,779
- Participant contributions
- $1,136,316
- Total income / additions
- $5,548,752
- Benefits paid
- $1,995,392
- Administrative expenses
- $6,284
- Total expenses
- $2,001,676
- Net increase / (decrease)
- $3,547,076
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $2,331 | $0 |