2023 Form 5500 filing — The Gem Group, Inc. Retirement 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 20241009125640NAL0031216352001) for The Gem Group, Inc. Retirement Plan, reported by The Gem Group, Inc. under EIN 04-2319824 and plan number 004. It reports 404 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009125640NAL0031216352001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Gem Group, Inc.
- EIN
- 04-2319824
- Plan number
- 004
- Location
- Lawrence, MA
- Participants
- 404
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,863,169
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,863,169
- Employer contributions
- $364,204
- Participant contributions
- $1,183,482
- Total income / additions
- $5,116,076
- Benefits paid
- $1,808,428
- Administrative expenses
- $93,146
- Total expenses
- $1,975,819
- Net increase / (decrease)
- $3,140,257
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $46,441 | $0 |
| Kestra Advisory Services LLC | INVESTMENT ADVISOR | $31,490 | not reported in the loaded dataset |
| Cbiz Operations Inc Dba Cbiz Mhm Ll | AUDITOR | $14,915 | not reported in the loaded dataset |
| Qdro Consultants Company, LLC | OTHER | $300 | not reported in the loaded dataset |