2023 Form 5500 filing — The Farbman Group 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 20241014104122NAL0025946769001) for The Farbman Group 401(K) Plan, reported by The Farbman Group under EIN 38-2143548 and plan number 001. It reports 159 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014104122NAL0025946769001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Farbman Group
- EIN
- 38-2143548
- Plan number
- 001
- Location
- Southfield, MI
- Participants
- 159
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,800,551
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,800,551
- Employer contributions
- $69,819
- Participant contributions
- $797,396
- Total income / additions
- $2,575,240
- Benefits paid
- $849,242
- Administrative expenses
- -$6,800
- Total expenses
- $842,442
- Net increase / (decrease)
- $1,732,798
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Raymond James Financial Services | ADVISOR | $0 | $19,272 |
| Purshe Kaplan Sterling Inv | ADVISOR | $0 | $4,163 |
| Fidelity Investments Institutional | RECORDKEEPER | -$6,800 | $0 |