2023 Form 5500 filing — Maxim Management Services, LLC 401(K) 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 20241015083200NAL0027837297001) for Maxim Management Services, LLC 401(K) Profit Sharing Plan, reported by Maxim Management Services, LLC under EIN 16-1503313 and plan number 001. It reports 314 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015083200NAL0027837297001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Maxim Management Services, LLC
- EIN
- 16-1503313
- Plan number
- 001
- Location
- Cheektowaga, NY
- Participants
- 314
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,132,811
- Total liabilities (EOY)
- $1,942
- Net assets (EOY)
- $23,130,869
- Employer contributions
- $610,918
- Participant contributions
- $685,761
- Total income / additions
- $4,641,975
- Benefits paid
- $704,671
- Administrative expenses
- $46,921
- Total expenses
- $751,592
- Net increase / (decrease)
- $3,890,383
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Newport Group, Inc. | NONE | $33,848 | $0 |
| Lawley Retirement Advisors,LLC | NONE | $8,986 | not reported in the loaded dataset |
| The Angell Pension Group, Inc. | TPA | $3,100 | not reported in the loaded dataset |