2023 Form 5500 filing — Psych Associates Group 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 20241014140331NAL0013415971001) for Psych Associates Group LLC 401(K) Profit Sharing Plan, reported by Psych Associates Group LLC under EIN 87-1340549 and plan number 001. It reports 201 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014140331NAL0013415971001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Psych Associates Group LLC
- EIN
- 87-1340549
- Plan number
- 001
- Location
- Timonium, MD
- Participants
- 201
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,538,814
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,538,814
- Employer contributions
- $578,968
- Participant contributions
- $1,188,702
- Total income / additions
- $2,902,065
- Benefits paid
- $1,271,562
- Administrative expenses
- $39,431
- Total expenses
- $1,310,993
- Net increase / (decrease)
- $1,591,072
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capital Group Retirement Plan Servi | RECORDKEEPER | $19,570 | $0 |
| Sfg Wealth Management | OTHER | $14,645 | not reported in the loaded dataset |
| Pollard & Associates Inc. | CONTRACT ADMIN | $5,516 | not reported in the loaded dataset |