2023 Form 5500 filing — First Rate, Inc. Profit Sharing Plan (With 401(K) Safe Harbor Provisions)
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 20241014163228NAL0045317792001) for First Rate, Inc. Profit Sharing Plan (With 401(K) Safe Harbor Provisions), reported by First Rate, Inc. under EIN 75-2391523 and plan number 001. It reports 109 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014163228NAL0045317792001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Rate, Inc.
- EIN
- 75-2391523
- Plan number
- 001
- Location
- Arlington, TX
- Participants
- 109
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $28,941,956
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,941,956
- Employer contributions
- $1,068,540
- Participant contributions
- $762,669
- Total income / additions
- $5,434,422
- Benefits paid
- $2,256,837
- Administrative expenses
- $10,359
- Total expenses
- $2,267,375
- Net increase / (decrease)
- $3,167,047
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $10,359 | $0 |