2023 Form 5500 filing — Global Solutions Network, 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 20241008134449NAL0017717505001) for Global Solutions Network, Inc. 401(K) Profit Sharing Plan, reported by Global Solutions Network, Inc. under EIN 54-1935835 and plan number 001. It reports 368 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008134449NAL0017717505001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Global Solutions Network, Inc.
- EIN
- 54-1935835
- Plan number
- 001
- Location
- Rockville, MD
- Participants
- 368
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,611,339
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,611,339
- Employer contributions
- $717,500
- Participant contributions
- $650,446
- Total income / additions
- $3,480,442
- Benefits paid
- $1,944,311
- Administrative expenses
- $20,742
- Total expenses
- $1,965,053
- Net increase / (decrease)
- $1,515,389
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Retirement Planners | TPA | $7,200 | $6,562 |
| Voya Retirement Insurance And Annui | SERVICE PROVIDER | $3,978 | $6,678 |
| Morningstar | SERVICE PROVIDER | $3,978 | $6,678 |