2023 Form 5500 filing — Hughes Group, 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 20241008143048NAL0008461779001) for Hughes Group, Inc. 401(K) Plan, reported by Hughes Group, Inc. under EIN 35-0958626 and plan number 003. It reports 299 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008143048NAL0008461779001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Hughes Group, Inc.
- EIN
- 35-0958626
- Plan number
- 003
- Location
- Jeffersonville, IN
- Participants
- 299
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,197,569
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,197,569
- Employer contributions
- $294,534
- Participant contributions
- $595,577
- Total income / additions
- $2,375,582
- Benefits paid
- $2,178,301
- Administrative expenses
- $55,133
- Total expenses
- $2,233,434
- Net increase / (decrease)
- $142,148
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock | RETAINED BY CLIENT | $30,420 | $0 |
| Shepherd Financial Investment Adv | INVESTMENT ADVISOR | $24,713 | not reported in the loaded dataset |