2023 Form 5500 filing — Kollective Management Services, LLC 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 20241014084939NAL0045366304001) for Kollective Management Services, LLC 401(K) Plan, reported by Kollective Management Services, LLC under EIN 84-4996040 and plan number 004. It reports 662 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014084939NAL0045366304001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Kollective Management Services, LLC
- EIN
- 84-4996040
- Plan number
- 004
- Location
- Edison, NJ
- Participants
- 662
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $30,214,692
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,214,692
- Employer contributions
- $435,767
- Participant contributions
- $3,064,797
- Total income / additions
- $8,166,180
- Benefits paid
- $5,146,513
- Administrative expenses
- $83,919
- Total expenses
- $5,238,220
- Net increase / (decrease)
- $2,927,960
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $125,499 | $0 |
| Morgan Stanely Global Ba | INVESTMENT ADVISORY | $33,518 | $33,732 |
| The Retirement Advantage | CONTRACT ADMINISTRATOR | $375 | $13,417 |