2023 Form 5500 filing — Preferred Companies 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 20240926131029NAL0000809089001) for Preferred Companies 401(K) Retirement Plan, reported by Preferred Proppants LLC under EIN 35-2428622 and plan number 001. It reports 280 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926131029NAL0000809089001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Preferred Proppants LLC
- EIN
- 35-2428622
- Plan number
- 001
- Location
- Wayne, PA
- Participants
- 280
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,390,682
- Total liabilities (EOY)
- $8,518
- Net assets (EOY)
- $10,382,164
- Employer contributions
- $216,705
- Participant contributions
- $333,320
- Total income / additions
- $2,158,503
- Benefits paid
- $978,184
- Administrative expenses
- $55,822
- Total expenses
- $1,034,006
- Net increase / (decrease)
- $1,124,497
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $31,400 | $0 |
| Lpl Financial | INVESTMENT ADVISOR | $22,772 | not reported in the loaded dataset |
| The Mandmarblestone Group LLC | CONTRACT ADMIN | $6,490 | $4,178 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,680 | not reported in the loaded dataset |