2023 Form 5500 filing — Ifab Corp 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 20240926100222NAL0000286611001) for Ifab Corp 401(K) Plan, reported by Ifab Corp under EIN 92-3450674 and plan number 002. It reports 807 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926100222NAL0000286611001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ifab Corp
- EIN
- 92-3450674
- Plan number
- 002
- Location
- Gastonia, NC
- Participants
- 807
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,307,223
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,307,223
- Participant contributions
- $442,474
- Total income / additions
- $750,640
- Benefits paid
- $570,262
- Administrative expenses
- $16,757
- Total expenses
- $592,481
- Net increase / (decrease)
- $158,159
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Maxus Plan Solutions, Inc | CONTRACT ADMINISTRATOR | $9,324 | $0 |
| Empower Annuity Ins. Co Of America | RECORDKEEPER | $7,774 | $1,043 |
| Cetera Advisor Networks LLC | INVESTMENT ADVISORY | $6,957 | not reported in the loaded dataset |
| Cetera Investment Advisors | INVESTMENT ADVISOR | $3,575 | not reported in the loaded dataset |
| Empower Investment Group LLC | INVESTMENT MANAGEMENT | $12 | not reported in the loaded dataset |