Berman And Simmons, P.A. 401(K) Profit Sharing Plan — Form 5500 plan (Berman & Simmons, P.A.)
Plain-English plan 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, Berman And Simmons, P.A. 401(K) Profit Sharing Plan is a benefit plan reported by Berman & Simmons, P.A. under EIN 01-0315653 and plan number 001. The latest loaded filing year is 2023. The filing reports 85 participants and $32,160,279 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Berman & Simmons, P.A.
- EIN
- 01-0315653
- Plan number
- 001
- Plan type
- 2
- Location
- Lewiston, ME
- Latest filing year
- 2023
- Participants
- 85
- End-of-year plan assets
- $32,160,279
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 85 | I | 20240917094715NAL0004847120001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $32,160,279
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,160,279
- Net assets (BOY)
- $29,918,442
Income & contributions
- Employer contributions
- $798,618
- Participant contributions
- $732,706
- Total income / additions
- $6,454,219
Expenses & distributions
- Benefits paid
- $4,211,742
- Administrative expenses
- $640
- Total expenses
- $4,212,382
- Net increase / (decrease)
- $2,241,837
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.