2023 Form 5500 filing — Preston Management, Inc. 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 20241008073822NAL0016283233001) for Preston Management, Inc. 401(K) Profit Sharing Plan, reported by Preston Management, Inc. under EIN 25-1848938 and plan number 001. It reports 416 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008073822NAL0016283233001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Preston Management, Inc.
- EIN
- 25-1848938
- Plan number
- 001
- Location
- New Castle, PA
- Participants
- 416
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,097,275
- Total liabilities (EOY)
- $88,334
- Net assets (EOY)
- $19,008,941
- Employer contributions
- $386,992
- Participant contributions
- $1,019,328
- Total income / additions
- $4,318,146
- Benefits paid
- $1,912,775
- Administrative expenses
- $97,387
- Total expenses
- $2,010,162
- Net increase / (decrease)
- $2,307,984
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cornerstone Advisors Asset Mgt | REGISTERED INV ADVISOR | $52,511 | not reported in the loaded dataset |
| John Hancock Life Insurance Company | RECORDKEEPER | $3,943 | not reported in the loaded dataset |