2023 Form 5500 filing — Bright Harbor Healthcare Tax Sheltered Annuity 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 20241015140737NAL0049815568001) for Bright Harbor Healthcare Tax Sheltered Annuity Plan, reported by Bright Harbor Healthcare under EIN 21-0722291 and plan number 002. It reports 471 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015140737NAL0049815568001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bright Harbor Healthcare
- EIN
- 21-0722291
- Plan number
- 002
- Location
- Bayville, NJ
- Participants
- 471
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,274,551
- Total liabilities (EOY)
- $1,874
- Net assets (EOY)
- $13,272,677
- Employer contributions
- $380,336
- Participant contributions
- $677,990
- Total income / additions
- $3,134,574
- Benefits paid
- $1,746,534
- Administrative expenses
- $70,511
- Total expenses
- $1,869,230
- Net increase / (decrease)
- $1,265,344
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capital Group Retirement Plan Svcs. | RECORD KEEPER | $35,933 | $0 |
| Securities America, Inc. | INVESTMENT ADVISOR | $30,281 | not reported in the loaded dataset |
| Nationwide | RECORD KEEPER | $25,280 | not reported in the loaded dataset |
| Red Bank Pension Services, Inc. | CONTRACT ADMINISTRATOR | $0 | $18,000 |
| Red Bank Pension Services, Inc. | CONTRACT ADMINISTRATOR | $15,168 | not reported in the loaded dataset |
| Ameriprise Financial Services | INVESTMENT ADVISOR | $12,127 | $0 |
| Active Core - Active Through Target | not reported in the loaded dataset | $3,042 | $0 |
| Nationwide | not reported in the loaded dataset | $2,057 | $0 |
| Nationwide Life Insurance Co. | RECORD KEEPER | $608 | $0 |