Tak Communications, Inc. 401(K) Plan — Form 5500 plan (Tak Communications, Inc.)
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, Tak Communications, Inc. 401(K) Plan is a benefit plan reported by Tak Communications, Inc. under EIN 20-0720874 and plan number 001. The latest loaded filing year is 2023. The filing reports 787 participants and $4,822,356 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Tak Communications, Inc.
- EIN
- 20-0720874
- Plan number
- 001
- Plan type
- 2
- Location
- Sioux Falls, SD
- Latest filing year
- 2023
- Participants
- 787
- End-of-year plan assets
- $4,822,356
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 787 | H, C | 20241009121712NAL0010595427001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,822,356
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,822,356
- Net assets (BOY)
- $3,469,568
Income & contributions
- Employer contributions
- $296,830
- Participant contributions
- $1,010,845
- Total contributions
- $1,498,884
- Total income / additions
- $2,141,976
Expenses & distributions
- Benefits paid
- $620,874
- Administrative expenses
- $35,958
- Total expenses
- $789,188
- Net increase / (decrease)
- $1,352,788
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $26,843 | $0 | 2023 |
| Dwc Erisa Consultants, LLC | CONTRACT ADMINISTRATOR | $6,117 | $689 | 2023 |
| Morningstar Investment Management | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Tak Communications, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in SD
- 401(k) and benefit plan filings in Sioux Falls, SD
- Principal Life Insurance Company — Schedule C compensation
- Dwc Erisa Consultants, LLC — Schedule C compensation
- Morningstar Investment Management — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation