2023 Form 5500 filing — Sound Physicians 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 20241014144947NAL0027607553004) for Sound Physicians 401(K) Plan, reported by Sound Inpatient Physicians, Inc. under EIN 20-3050924 and plan number 001. It reports 7,029 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014144947NAL0027607553004
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sound Inpatient Physicians, Inc.
- EIN
- 20-3050924
- Plan number
- 001
- Location
- Tacoma, WA
- Participants
- 7,029
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $511,412,021
- Total liabilities (EOY)
- $294,385
- Net assets (EOY)
- $511,117,636
- Employer contributions
- $9,860,368
- Participant contributions
- $56,990,463
- Total income / additions
- $151,328,818
- Benefits paid
- $45,572,978
- Administrative expenses
- $339,820
- Total expenses
- $46,035,218
- Net increase / (decrease)
- $105,293,600
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Usi Consulting Group, Inc. | NONE | $259,848 | $0 |
| Usi Advisors, Inc. | NONE | $79,972 | $0 |
| Charles Schwab Trust Bank | NONE | $0 | $31,598 |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 |