2023 Form 5500 filing — 1 Source Business Solutions 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 20241007155109NAL0026609136001) for 1 Source Business Solutions 401(K) Plan, reported by 1 Source Business Solutions, LLC under EIN 27-3793520 and plan number 333. It reports 1,759 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007155109NAL0026609136001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- 1 Source Business Solutions, LLC
- EIN
- 27-3793520
- Plan number
- 333
- Location
- Midvale, UT
- Participants
- 1,759
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $31,003,780
- Total liabilities (EOY)
- $104,449
- Net assets (EOY)
- $30,899,331
- Employer contributions
- $1,873,759
- Participant contributions
- $4,227,697
- Total income / additions
- $9,984,298
- Benefits paid
- $2,098,268
- Administrative expenses
- $348,027
- Total expenses
- $2,535,560
- Net increase / (decrease)
- $7,448,738
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Financial Life Insuran | RECORDKEEPER | $210,577 | $0 |
| Soltis Investment Advisors, LLC | INVESTMENT ADVISORY-PLAN | $146,638 | not reported in the loaded dataset |
| Trident Insurance Group | CONSULTING | $121,533 | not reported in the loaded dataset |
| Pinnacle Financial Servies, Inc. | RECORDKEEPER | $22,154 | $0 |