2023 Form 5500 filing — Truth Initiative 401(K) Profit Sharing 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 20240930140931NAL0005629041001) for Truth Initiative 401(K) Profit Sharing Plan, reported by Truth Initiative under EIN 91-1956621 and plan number 001. It reports 240 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240930140931NAL0005629041001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Truth Initiative
- EIN
- 91-1956621
- Plan number
- 001
- Location
- Washington, DC
- Participants
- 240
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $53,391,108
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $53,391,108
- Employer contributions
- $1,750,311
- Participant contributions
- $1,336,356
- Total income / additions
- $10,964,434
- Benefits paid
- $1,533,877
- Administrative expenses
- $0
- Total expenses
- $1,533,877
- Net increase / (decrease)
- $9,430,557
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $56,103 | not reported in the loaded dataset |
| Ascensus Inc | OTHER | $0 | $27,562 |
| Empower Annuity Insurance Company | RECORDKEEPER | $1,872 | $0 |