2023 Form 5500 filing — Tak Communications, 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 20241009121712NAL0010595427001) for Tak Communications, Inc. 401(K) Plan, reported by Tak Communications, Inc. under EIN 20-0720874 and plan number 001. It reports 787 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009121712NAL0010595427001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Tak Communications, Inc.
- EIN
- 20-0720874
- Plan number
- 001
- Location
- Sioux Falls, SD
- Participants
- 787
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,822,356
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,822,356
- Employer contributions
- $296,830
- Participant contributions
- $1,010,845
- Total income / additions
- $2,141,976
- Benefits paid
- $620,874
- Administrative expenses
- $35,958
- Total expenses
- $789,188
- Net increase / (decrease)
- $1,352,788
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $26,843 | $0 |
| Dwc Erisa Consultants, LLC | CONTRACT ADMINISTRATOR | $6,117 | $689 |
| Morningstar Investment Management | INV ADV, PARTICIPANTS | $0 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |