2023 Form 5500 filing — American Financial Network, Inc. 401(K) Profit Sharing 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 20241014121233NAL0045907712001) for American Financial Network, Inc. 401(K) Profit Sharing Plan, reported by American Financial Network, Inc. under EIN 95-4866828 and plan number 001. It reports 2,761 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014121233NAL0045907712001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- American Financial Network, Inc.
- EIN
- 95-4866828
- Plan number
- 001
- Location
- Brea, CA
- Participants
- 2,761
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $43,005,191
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $43,005,191
- Participant contributions
- $5,088,785
- Total income / additions
- $12,214,709
- Benefits paid
- $12,483,109
- Administrative expenses
- $306,116
- Total expenses
- $12,789,225
- Net increase / (decrease)
- -$574,516
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Equitable Life Insurance Company | RECORDKEEPER | $43,990 | $202,134 |
| Equitable Advisors LLC | SERVICE PROVIDER | $0 | $5,492 |