2023 Form 5500 filing — Drake Employee 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 20240916083031NAL0001856720001) for Drake Employee Savings Plan, reported by Drake Office Overload, Inc. under EIN 95-4555406 and plan number 002. It reports 233 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240916083031NAL0001856720001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Drake Office Overload, Inc.
- EIN
- 95-4555406
- Plan number
- 002
- Location
- Phoenix, AZ
- Participants
- 233
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,126,156
- Net assets (EOY)
- $5,126,156
- Employer contributions
- $280,729
- Participant contributions
- $566,299
- Total income / additions
- $2,815,417
- Benefits paid
- $1,062,239
- Administrative expenses
- $42,983
- Total expenses
- $1,105,222
- Net increase / (decrease)
- $1,710,195
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mercer Global Advisors Inc | INVESTMENT ADVISOR | $24,395 | $0 |
| Empower Annuity Insurance Company | RECORDKEEPER | $12,797 | $0 |