2023 Form 5500 filing — Mapal Inc. Office 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 20241009111218NAL0010554563001) for Mapal Inc. Office 401(K) Plan, reported by Mapal Inc. under EIN 38-2082239 and plan number 002. It reports 219 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009111218NAL0010554563001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mapal Inc.
- EIN
- 38-2082239
- Plan number
- 002
- Location
- Port Huron, MI
- Participants
- 219
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,691,356
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,691,356
- Employer contributions
- $442,996
- Participant contributions
- $974,124
- Total income / additions
- $4,614,316
- Benefits paid
- $1,997,127
- Administrative expenses
- $34,086
- Total expenses
- $2,031,213
- Net increase / (decrease)
- $2,583,103
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $29,825 | $0 |
| The Benefit Advantage, Inc. | THIRD-PARTY ADMINISTRATO | $3,136 | $16,638 |
| Sagepoint Financial, Inc. | INVESTMENT ADVISORY | $0 | $14,377 |
| The Benefit Advantage | THIRD-PARTY ADMINISTRATO | $0 | $1,663 |