2023 Form 5500 filing — Lotus Group 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 20241014173832NAL0028000529001) for Lotus Group 401(K) Plan, reported by Lotus Group Usa, Inc. under EIN 75-3169679 and plan number 001. It reports 202 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014173832NAL0028000529001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lotus Group Usa, Inc.
- EIN
- 75-3169679
- Plan number
- 001
- Location
- Medford, MA
- Participants
- 202
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,784,461
- Total liabilities (EOY)
- $21,941
- Net assets (EOY)
- $8,762,520
- Employer contributions
- $522,482
- Participant contributions
- $1,569,059
- Total income / additions
- $3,520,110
- Benefits paid
- $312,543
- Administrative expenses
- $27,010
- Total expenses
- $341,334
- Net increase / (decrease)
- $3,178,776
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Edward Jones & Co | INVESTMENT ADVISOR | $19,301 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $5,349 | not reported in the loaded dataset |
| Empower Annuity Insurance Company O | RECORDKEEPER | $550 | $0 |