2023 Form 5500 filing — Koam Engineering Systems, Inc. Retirement Savings 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 20241014143950NAL0044911504001) for Koam Engineering Systems, Inc. Retirement Savings Plan, reported by Koam Engineering Systems, Inc. under EIN 33-0771394 and plan number 001. It reports 423 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014143950NAL0044911504001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Koam Engineering Systems, Inc.
- EIN
- 33-0771394
- Plan number
- 001
- Location
- San Diego, CA
- Participants
- 423
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,630,671
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,630,671
- Employer contributions
- $589,923
- Participant contributions
- $1,103,083
- Total income / additions
- $4,897,320
- Benefits paid
- $2,307,450
- Administrative expenses
- $18,779
- Total expenses
- $2,326,229
- Net increase / (decrease)
- $2,571,091
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nationwide | RECORD KEEPER | $8,476,223 | not reported in the loaded dataset |
| Independent Financial Group | INVESTMENT ADVISOR | $0 | $36,380 |
| National Benefit Services LLC | THIRD PARTY ADMINISTRATOR | $30,833 | not reported in the loaded dataset |