2023 Form 5500 filing — Vertical Communications, Inc. 401(K) Profit Sharing 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 20241226083439NAL0007612979001) for Vertical Communications, Inc. 401(K) Profit Sharing Plan, reported by Vertical Communications, Inc. under EIN 86-0446453 and plan number 002. It reports 147 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241226083439NAL0007612979001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Vertical Communications, Inc.
- EIN
- 86-0446453
- Plan number
- 002
- Location
- Roswell, GA
- Participants
- 147
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,354,306
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,354,306
- Participant contributions
- $626,138
- Total income / additions
- $3,132,636
- Benefits paid
- $1,421,116
- Administrative expenses
- $23,170
- Total expenses
- $1,444,286
- Net increase / (decrease)
- $1,688,350
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nationwide | RECORDKEEPER | $53,043 | $5,319 |
| Lincoln Financial Advisors | ADVISOR | $0 | $34,127 |
| Benefit Professionals Inc. | TPA | $16,691 | not reported in the loaded dataset |
| Iron-Co-Fid-Comprehensive | ADVISOR | $9,615 | not reported in the loaded dataset |
| 401 K Safe LLC | TPA | $6,447 | not reported in the loaded dataset |