Sound Physicians 401(K) Plan — Form 5500 plan (Sound Inpatient Physicians, 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, Sound Physicians 401(K) Plan is a benefit plan reported by Sound Inpatient Physicians, Inc. under EIN 20-3050924 and plan number 001. The latest loaded filing year is 2023. The filing reports 7,029 participants and $511,412,021 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sound Inpatient Physicians, Inc.
- EIN
- 20-3050924
- Plan number
- 001
- Plan type
- 2
- Location
- Tacoma, WA
- Latest filing year
- 2023
- Participants
- 7,029
- End-of-year plan assets
- $511,412,021
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 7,029 | H, C | 20241014144947NAL0027607553004 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $511,412,021
- Total liabilities (EOY)
- $294,385
- Net assets (EOY)
- $511,117,636
- Net assets (BOY)
- $405,824,036
Income & contributions
- Employer contributions
- $9,860,368
- Participant contributions
- $56,990,463
- Total contributions
- $72,789,876
- Total income / additions
- $151,328,818
Expenses & distributions
- Benefits paid
- $45,572,978
- Administrative expenses
- $339,820
- Total expenses
- $46,035,218
- Net increase / (decrease)
- $105,293,600
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Usi Consulting Group, Inc. | NONE | $259,848 | $0 | 2023 |
| Usi Advisors, Inc. | NONE | $79,972 | $0 | 2023 |
| Charles Schwab Trust Bank | NONE | $0 | $31,598 | 2023 |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Sound Inpatient Physicians, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in WA
- 401(k) and benefit plan filings in Tacoma, WA
- Usi Consulting Group, Inc. — Schedule C compensation
- Usi Advisors, Inc. — Schedule C compensation
- Charles Schwab Trust Bank — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation