2023 Form 5500 filing — Gibson Insurance Agency, 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 20241009132656NAL0018407553001) for Gibson Insurance Agency, Inc. 401(K) Plan, reported by Gibson Insurance Agency, Inc. under EIN 35-1116724 and plan number 002. It reports 201 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009132656NAL0018407553001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Gibson Insurance Agency, Inc.
- EIN
- 35-1116724
- Plan number
- 002
- Location
- South Bend, IN
- Participants
- 201
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $31,962,875
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,962,875
- Employer contributions
- $487,736
- Participant contributions
- $1,634,561
- Total income / additions
- $7,300,065
- Benefits paid
- $2,382,589
- Administrative expenses
- $57,725
- Total expenses
- $2,440,314
- Net increase / (decrease)
- $4,859,751
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Commonwealth Financial Network | INVESTMENT ADVISOR | $45,000 | not reported in the loaded dataset |
| Retirement Plan Concepts & Services | CONTRACT ADMIN | $16,861 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $8,273 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $0 | $0 |