2023 Form 5500 filing — Lotus International Company 401(K) Profit Sharing Plan & Trust
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 20241015184848NAL0015275795001) for Lotus International Company 401(K) Profit Sharing Plan & Trust, reported by Lotus International Company under EIN 38-3227175 and plan number 001. It reports 118 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015184848NAL0015275795001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lotus International Company
- EIN
- 38-3227175
- Plan number
- 001
- Location
- Canton, MI
- Participants
- 118
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,917,248
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,917,248
- Employer contributions
- $39,160
- Participant contributions
- $130,802
- Total income / additions
- $655,673
- Benefits paid
- $1,335,100
- Administrative expenses
- $11,181
- Total expenses
- $1,346,281
- Net increase / (decrease)
- -$690,608
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Sagepoint Financial Inc | ADVISOR | $7,065 | not reported in the loaded dataset |