2023 Form 5500 filing — Our Daily Bread Ministries 401(K) Retirement 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 20240924134855NAL0012842465001) for Our Daily Bread Ministries 401(K) Retirement Plan, reported by Rbc Ministries Dba Our Daily Bread Ministries under EIN 38-1613981 and plan number 002. It reports 337 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924134855NAL0012842465001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Rbc Ministries Dba Our Daily Bread Ministries
- EIN
- 38-1613981
- Plan number
- 002
- Location
- Grand Rapids, MI
- Participants
- 337
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $27,491,992
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,491,992
- Employer contributions
- $691,565
- Participant contributions
- $1,890,727
- Total income / additions
- $6,242,881
- Benefits paid
- $2,980,342
- Administrative expenses
- $83,233
- Total expenses
- $3,063,575
- Net increase / (decrease)
- $3,179,306
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $83,233 | $0 |
| Lpl Financial LLC - Rpcp | INVESTMENT ADVISORY | $0 | $55,618 |
| Watkins Ross & Co | OTHER SERVICES | $0 | $8,080 |
| Morningstar Investment Management L | INV AD, PARTICIPANTS | $0 | $0 |