2023 Form 5500 filing — The Building People, LLC 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 20241015095940NAL0014359651001) for The Building People, LLC 401(K) Plan, reported by The Building People, LLC under EIN 45-4839699 and plan number 001. It reports 381 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015095940NAL0014359651001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Building People, LLC
- EIN
- 45-4839699
- Plan number
- 001
- Location
- Leesburg, VA
- Participants
- 381
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,224,120
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,224,120
- Employer contributions
- $706,650
- Participant contributions
- $1,335,097
- Total income / additions
- $3,521,333
- Benefits paid
- $1,225,597
- Administrative expenses
- $58,142
- Total expenses
- $1,284,927
- Net increase / (decrease)
- $2,236,406
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Valmark Advisers Inc | INVESTMENT ADVISOR | $31,320 | not reported in the loaded dataset |
| Empower Advisory Group LLC | INVESTMENT MGMT | $12,712 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $11,865 | $0 |
| Benchmark Retirement Plan Services | CONTRACT ADMIN | $4,000 | $5,520 |