2023 Form 5500 filing — Inspire Medical Systems, Inc. 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 20241007122342NAL0015154817001) for Inspire Medical Systems, Inc. 401(K) Plan, reported by Inspire Medical Systems, Inc. under EIN 26-1377674 and plan number 001. It reports 773 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007122342NAL0015154817001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Inspire Medical Systems, Inc.
- EIN
- 26-1377674
- Plan number
- 001
- Location
- Golden Valley, MN
- Participants
- 773
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $55,706,010
- Total liabilities (EOY)
- $20,049
- Net assets (EOY)
- $55,685,961
- Employer contributions
- $4,185,665
- Participant contributions
- $11,617,892
- Total income / additions
- $28,944,117
- Benefits paid
- $2,143,535
- Administrative expenses
- $121,088
- Total expenses
- $2,281,101
- Net increase / (decrease)
- $26,663,016
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co Of America | RECORDKEEPER | $84,542 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $36,546 | not reported in the loaded dataset |
| Tsc 401k | CONTRACT ADMIN | $0 | $833 |