2023 Form 5500 filing — Island Employment Services, LLC 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 20241014134111NAL0026294081001) for Island Employment Services, LLC 401(K) Profit Sharing Plan, reported by Island Employment Services, LLC under EIN 27-1845845 and plan number 002. It reports 533 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014134111NAL0026294081001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Island Employment Services, LLC
- EIN
- 27-1845845
- Plan number
- 002
- Location
- New York, NY
- Participants
- 533
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $109,018,129
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $109,018,129
- Employer contributions
- $2,594,073
- Participant contributions
- $3,365,711
- Total income / additions
- $21,134,647
- Benefits paid
- $5,428,142
- Administrative expenses
- $153,839
- Total expenses
- $5,581,981
- Net increase / (decrease)
- $15,552,666
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch, Pierce, Fenner And S | RECORDKEEPER | $48,802 | $0 |
| Usi Advisors Inc | ADVISORS | $45,794 | not reported in the loaded dataset |
| Marcum Llp | ACCOUNTANT | $32,240 | not reported in the loaded dataset |
| Usi Consulting Group | CONSULTANTS | $22,014 | not reported in the loaded dataset |
| The Vanguard Group | OTHER | $5,880 | not reported in the loaded dataset |