Answerlab 401(K) Profit Sharing Plan — Form 5500 plan (Answerlab, LLC)

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, Answerlab 401(K) Profit Sharing Plan is a benefit plan reported by Answerlab, LLC under EIN 02-0740712 and plan number 001. The latest loaded filing year is 2023. The filing reports 327 participants and $15,675,370 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$15.7MPlan net assets, end of year$15,675,370
Participants327Covered participants reported
Assets / participant$47.9KComputed: assets ÷ participants$47,937 (computed)
Provider compensation$42.9K3 Schedule C provider row(s)$42,866
Plan sponsor
Answerlab, LLC
EIN
02-0740712
Plan number
001
Plan type
2
Location
Larkspur, CA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023327H, C20241011135835NAL0021991441001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$15.7M total assets
Net assets$15.7MLiabilities$0
Money in vs. money out
Total income / additions$5.9M
Total expenses$955.3K
Benefits paid / distributions$912.4K
Contributions
Employer$879.3K
Participant$2.2M
Full reported line items

Net assets

Total assets (EOY)
$15,675,370
Total liabilities (EOY)
$0
Net assets (EOY)
$15,675,370
Net assets (BOY)
$10,765,561

Income & contributions

Employer contributions
$879,341
Participant contributions
$2,238,684
Total contributions
$3,621,858
Total income / additions
$5,865,086

Expenses & distributions

Benefits paid
$912,411
Administrative expenses
$42,866
Total expenses
$955,277
Net increase / (decrease)
$4,909,809
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 28%Participant 72%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income16%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Onedigital Investment Advisors LLCINVESTMENT ADVISOR$23,368not reported in the loaded dataset2023
Empower Annuity Insurance Company ORECORDKEEPER$18,805$02023
Resources Investment Advisors, LLCINVESTMENT MGMT$693not reported in the loaded dataset2023

Related Form 5500 pages