2023 Form 5500 filing — Faria 401(K) Committee
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 20240930102416NAL0002551619001) for Faria 401(K) Committee, reported by Faria Beede Instruments, Inc. under EIN 06-0774164 and plan number 001. It reports 125 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240930102416NAL0002551619001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Faria Beede Instruments, Inc.
- EIN
- 06-0774164
- Plan number
- 001
- Location
- North Stonington, CT
- Participants
- 125
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $3,170,949
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,170,949
- Employer contributions
- $69,981
- Participant contributions
- $140,961
- Total income / additions
- $511,271
- Benefits paid
- $191,505
- Administrative expenses
- $28,936
- Total expenses
- $220,441
- Net increase / (decrease)
- $290,830
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Financial Life | RECORDKEEPER | $19,613 | $0 |
| Merrill Lynch Life Agency, Inc. | INVESTMENT ADVISORY - PL | $6,398 | not reported in the loaded dataset |
| Creative Retirement Systems, Inc. | RECORDKEEPER | $2,925 | $59 |