2023 Form 5500 filing — Norwood Clinic, Inc. 401(K) Profit Sharing Retirement 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 20241015085649NAL0048569776001) for Norwood Clinic, Inc. 401(K) Profit Sharing Retirement Plan, reported by Norwood Clinic, Inc. under EIN 63-0715625 and plan number 007. It reports 122 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015085649NAL0048569776001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Norwood Clinic, Inc.
- EIN
- 63-0715625
- Plan number
- 007
- Location
- Fultondale, AL
- Participants
- 122
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,615
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,615
- Employer contributions
- $24,422
- Participant contributions
- $45,050
- Total income / additions
- $685,365
- Benefits paid
- $25,007,083
- Administrative expenses
- $43,693
- Total expenses
- $25,050,776
- Net increase / (decrease)
- -$24,365,411
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Orenda Retirement LLC | CONTRACT ADMINISTRATOR | $45,177 | $3,195 |
| Morgan Stanley Global | INVESTMENT ADVISORY | $14,107 | not reported in the loaded dataset |
| Kassouf & Co P.C. | INVESTMENT ADVISORY | $13,665 | not reported in the loaded dataset |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $10,138 | $0 |
| Charles Schwab & Co. Inc. | SECURITIES BROKERAGE | $7 | not reported in the loaded dataset |