2023 Form 5500 filing — Fonar Corporation 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 20241015104903NAL0016173411001) for Fonar Corporation 401(K) Plan, reported by Fonar Corporation under EIN 11-2464137 and plan number 001. It reports 795 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015104903NAL0016173411001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Fonar Corporation
- EIN
- 11-2464137
- Plan number
- 001
- Location
- Melville, NY
- Participants
- 795
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $42,516,625
- Total liabilities (EOY)
- $61,181
- Net assets (EOY)
- $42,455,444
- Employer contributions
- $0
- Participant contributions
- $1,779,034
- Total income / additions
- $8,115,430
- Benefits paid
- $2,364,042
- Administrative expenses
- $5,366
- Total expenses
- $2,369,408
- Net increase / (decrease)
- $5,746,022
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Red Bank Pension Services, Inc. | SERVICE PROVIDER | $4,875 | not reported in the loaded dataset |