2023 Form 5500 filing — Innovative Systems, LLC 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 20240927152220NAL0001152435001) for Innovative Systems, LLC 401(K) Plan, reported by Innovative Systems, LLC under EIN 41-1920375 and plan number 001. It reports 212 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240927152220NAL0001152435001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Innovative Systems, LLC
- EIN
- 41-1920375
- Plan number
- 001
- Location
- Mitchell, SD
- Participants
- 212
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $41,347,314
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,347,314
- Employer contributions
- $327,484
- Participant contributions
- $1,792,932
- Total income / additions
- $9,168,324
- Benefits paid
- $2,974,526
- Administrative expenses
- $85,241
- Total expenses
- $3,059,767
- Net increase / (decrease)
- $6,108,557
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Osaic Wealth, Inc. | NONE | $46,284 | not reported in the loaded dataset |
| Cpi Qualified Plan Consultants, Inc | NONE | $38,957 | not reported in the loaded dataset |