2023 Form 5500 filing — Sps New England, Inc. Profit Sharing/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 20241012145831NAL0040153392001) for Sps New England, Inc. Profit Sharing/Retirement Plan, reported by Sps New England, Inc. under EIN 04-2741165 and plan number 002. It reports 440 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241012145831NAL0040153392001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sps New England, Inc.
- EIN
- 04-2741165
- Plan number
- 002
- Location
- Salisbury, MA
- Participants
- 440
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $39,702,485
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $39,702,485
- Participant contributions
- $1,633,176
- Total income / additions
- $7,668,298
- Benefits paid
- $4,049,618
- Administrative expenses
- $50,114
- Total expenses
- $4,099,732
- Net increase / (decrease)
- $3,568,566
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mcgladrey Llp | AUDITOR | $21,000 | not reported in the loaded dataset |
| Next Financial Group Inc | BROKER/ADVISER | $0 | $19,035 |
| The Angell Pension Group Inc | CONTRACT ADMIN | $4,875 | $10,000 |
| Leafhouse Financial Advisors, LLC | INVESTMENT ADVISOR | $14,610 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $9,066 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $0 | $0 |