2023 Form 5500 filing — Mechanical Systems & Services, Inc. Retirement Savings 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 20240913113520NAL0016941392001) for Mechanical Systems & Services, Inc. Retirement Savings Plan, reported by Mechanical Systems & Services under EIN 56-1973119 and plan number 001. It reports 705 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240913113520NAL0016941392001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mechanical Systems & Services
- EIN
- 56-1973119
- Plan number
- 001
- Location
- Charlotte, NC
- Participants
- 705
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $27,785,949
- Total liabilities (EOY)
- $19,148
- Net assets (EOY)
- $27,766,801
- Employer contributions
- $880,982
- Participant contributions
- $2,777,471
- Total income / additions
- $8,109,589
- Benefits paid
- $1,589,808
- Administrative expenses
- $97,343
- Total expenses
- $1,699,729
- Net increase / (decrease)
- $6,409,860
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mai Capital Management, LLC | INVESTMENT/FINANCIAL ADVI | $67,766 | $0 |
| Adp, Inc. | RECORD KEEPER | $13,764 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |