2023 Form 5500 filing — One 401(K) And Profit Sharing 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 20241015083018NAL0014250099008) for One 401(K) And Profit Sharing Plan, reported by Our Next Energy, Inc. under EIN 85-2051268 and plan number 001. It reports 161 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015083018NAL0014250099008
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Our Next Energy, Inc.
- EIN
- 85-2051268
- Plan number
- 001
- Location
- Novi, MI
- Participants
- 161
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,605,461
- Net assets (EOY)
- $7,605,461
- Participant contributions
- $3,742,272
- Total income / additions
- $5,959,368
- Benefits paid
- $1,405,158
- Administrative expenses
- $50,035
- Total expenses
- $1,455,193
- Net increase / (decrease)
- $4,504,175
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Co. Of Am | RECORDKEEPER | $25,549 | $0 |
| Sigma Financial Corporation | INVESTMENT ADVISOR | $20,481 | not reported in the loaded dataset |
| Michigan Benefit Consulting, Inc. | CONTRACT ADMIN | $4,005 | $1,601 |