2023 Form 5500 filing — Bayview Physician Services, P.C. 401k 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 20240821111044NAL0001948195001) for Bayview Physician Services, P.C. 401k Profit Sharing Plan, reported by Bayview Physician Services , P.C. under EIN 54-1595397 and plan number 001. It reports 391 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240821111044NAL0001948195001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bayview Physician Services , P.C.
- EIN
- 54-1595397
- Plan number
- 001
- Location
- Chesapeake, VA
- Participants
- 391
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $101,605,016
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $101,605,016
- Employer contributions
- $1,811,316
- Participant contributions
- $3,966,799
- Total income / additions
- $20,104,589
- Benefits paid
- $7,561,832
- Administrative expenses
- $1,621
- Total expenses
- $7,563,453
- Net increase / (decrease)
- $12,541,136
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cherry Bekaert Llp | TPA | $0 | $45,452 |
| Empower Annuity Insurance Company | RECORDKEEPER | $1,646 | $0 |