2023 Form 5500 filing — Rekor Systems, Inc. 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 20240913113026NAL0009854353001) for Rekor Systems, Inc. 401(K) Plan, reported by Rekor Systems, Inc. under EIN 81-5266334 and plan number 001. It reports 527 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240913113026NAL0009854353001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Rekor Systems, Inc.
- EIN
- 81-5266334
- Plan number
- 001
- Location
- Columbia, MD
- Participants
- 527
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,225,099
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,225,099
- Employer contributions
- $594,902
- Participant contributions
- $1,637,933
- Total income / additions
- $3,424,023
- Benefits paid
- $1,112,086
- Administrative expenses
- $78,514
- Total expenses
- $1,244,540
- Net increase / (decrease)
- $2,179,483
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Commonwealth Equity Services, Imc | INVESTMENT ADVISOR | $43,308 | not reported in the loaded dataset |
| Adp Retirement Plan Services | RECORDKEEPER | $35,206 | not reported in the loaded dataset |
| Potomac Wealth Management | INVESTMENT ADVISOR | $24,319 | not reported in the loaded dataset |