2023 Form 5500 filing — Proven Business Systems 401(K) 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 20240829135456NAL0007655539001) for Proven Business Systems 401(K) Plan, reported by Proven Business Systems, LLC under EIN 32-0064316 and plan number 001. It reports 288 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240829135456NAL0007655539001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Proven Business Systems, LLC
- EIN
- 32-0064316
- Plan number
- 001
- Location
- Tinley Park, IL
- Participants
- 288
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,996,870
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,996,870
- Employer contributions
- $604,177
- Participant contributions
- $1,466,282
- Total income / additions
- $4,067,917
- Benefits paid
- $574,072
- Administrative expenses
- $63,352
- Total expenses
- $637,424
- Net increase / (decrease)
- $3,430,493
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $63,406 | $0 |
| Merrill Lynch | CONSULTANT | $0 | $33,984 |