2023 Form 5500 filing — High Point Networks, LLC 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 20240930145113NAL0002700835001) for High Point Networks, LLC 401(K) & Profit Sharing Plan, reported by High Point Networks, LLC under EIN 27-1804410 and plan number 001. It reports 168 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240930145113NAL0002700835001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- High Point Networks, LLC
- EIN
- 27-1804410
- Plan number
- 001
- Location
- West Fargo, ND
- Participants
- 168
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,969,767
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,969,767
- Employer contributions
- $699,887
- Participant contributions
- $1,295,837
- Total income / additions
- $4,672,737
- Benefits paid
- $748,162
- Administrative expenses
- $82,380
- Total expenses
- $830,542
- Net increase / (decrease)
- $3,842,195
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $60,105 | $0 |
| Woodbury Financial Services Inc | INVESTMENT ADVISOR | $20,317 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,958 | not reported in the loaded dataset |