2023 Form 5500 filing — Letter Systems, Inc. Employee Stock Ownership 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 20241014150521NAL0045014240001) for Letter Systems, Inc. Employee Stock Ownership 401(K) Plan, reported by Letter Systems, Inc. under EIN 01-0263845 and plan number 002. It reports 226 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014150521NAL0045014240001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Letter Systems, Inc.
- EIN
- 01-0263845
- Plan number
- 002
- Location
- Augusta, ME
- Participants
- 226
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $25,242,168
- Total liabilities (EOY)
- $8,846
- Net assets (EOY)
- $25,233,322
- Employer contributions
- $159,263
- Participant contributions
- $740,357
- Total income / additions
- $7,179,213
- Benefits paid
- $1,101,235
- Administrative expenses
- $93,819
- Total expenses
- $1,195,288
- Net increase / (decrease)
- $5,983,925
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wipfli Llp | AUDITOR | $35,200 | not reported in the loaded dataset |
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $32,640 | not reported in the loaded dataset |
| Empower Annuity Insurance Co Americ | RECORDKEEPER | $15,510 | $0 |
| The Angell Pension Group, Inc. | CONTRACT ADMIN | $8,000 | not reported in the loaded dataset |
| Empower Advisory Group LLC | INVESTMENT MGMT | $2,889 | not reported in the loaded dataset |