2023 Form 5500 filing — Electronic Systems 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 20240829051610NAL0012734097001) for Electronic Systems Inc. 401(K) Profit Sharing Plan, reported by Electronic Systems Inc. under EIN 46-0357074 and plan number 001. It reports 305 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)$6.1MReported net assets$6,056,710
Participants305
Provider compensation$63.4K4 Schedule C row(s)$63,432
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240829051610NAL0012734097001
- Plan sponsor
- Electronic Systems Inc.
- EIN
- 46-0357074
- Plan number
- 001
- Location
- Sioux Falls, SD
- 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)$6.1M total assets
Net assets$6.1MLiabilities$0
Full reported line items
- Total assets (EOY)
- $6,056,710
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,056,710
- Employer contributions
- $186,004
- Participant contributions
- $689,121
- Total income / additions
- $1,751,310
- Benefits paid
- $625,326
- Administrative expenses
- $63,432
- Total expenses
- $688,758
- Net increase / (decrease)
- $1,062,552
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $34,446 | $0 |
| Mma Securities, LLC | INVESTMENT/FINANCIAL ADVI | $21,264 | $0 |
| Eide Bailly Llp | ACCOUNTANT | $7,722 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |