2023 Form 5500 filing — Motivational Systems, Inc. 401(K) Retirement 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 20241008054855NAL0027994112001) for Motivational Systems, Inc. 401(K) Retirement Plan, reported by Motivational Systems, Inc. under EIN 95-3003017 and plan number 001. It reports 149 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008054855NAL0027994112001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Motivational Systems, Inc.
- EIN
- 95-3003017
- Plan number
- 001
- Location
- National City, CA
- Participants
- 149
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,420,701
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,420,701
- Participant contributions
- $448,384
- Total income / additions
- $2,003,223
- Benefits paid
- $141,917
- Administrative expenses
- $29,551
- Total expenses
- $173,374
- Net increase / (decrease)
- $1,829,849
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Sagepoint Financial, Inc. | INVESTMENT/FINANCIAL ADVI | $19,904 | $0 |
| Royal Alliance Associates, Inc. | INVESTMENT/FINANCIAL ADVI | $7,355 | $0 |
| Adp, Inc. | RECORD KEEPER | $2,290 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |