2023 Form 5500 filing — Borinquen Health Care Center, 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 20241010143449NAL0041184674001) for Borinquen Health Care Center, Inc. 401(K) Plan, reported by Borinquen Health Care Center, Inc. under EIN 59-1417397 and plan number 002. It reports 373 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010143449NAL0041184674001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Borinquen Health Care Center, Inc.
- EIN
- 59-1417397
- Plan number
- 002
- Location
- Miami, FL
- Participants
- 373
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,563,436
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,563,436
- Employer contributions
- $2,432
- Participant contributions
- $630,075
- Total income / additions
- $1,231,127
- Benefits paid
- $606,799
- Administrative expenses
- $42,300
- Total expenses
- $649,099
- Net increase / (decrease)
- $582,028
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co Of America | RECORDKEEPER | $33,905 | $0 |
| Lpl Finanacial LLC | BROKER | $0 | $9,366 |
| The Retirement Advantage Inc | CONTRACT ADMIN | $4,600 | not reported in the loaded dataset |
| Leaf House Financial Advisors, LLC | OTHER | $2,104 | not reported in the loaded dataset |