Plan5500

Genova Burns LLC 401(K)/Profit Sharing Plan — Form 5500 plan (Genova Burns 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, Genova Burns LLC 401(K)/Profit Sharing Plan is a benefit plan reported by Genova Burns LLC under EIN 22-2940404 and plan number 001. The latest loaded filing year is 2023. The filing reports 146 participants and $19,960,219 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$20MPlan net assets, end of year$19,960,219
Participants146Covered participants reported
Assets / participant$136.7KComputed: assets ÷ participants$136,714 (computed)
Provider compensation$62.8K3 Schedule C provider row(s)$62,786
Plan sponsor
Genova Burns LLC
EIN
22-2940404
Plan number
001
Plan type
2
Location
Newark, NJ
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    146 participants · 2Sch HSch C
    View filing →
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)$20M total assets
Net assets$20MLiabilities$0
Money in vs. money out
Total income / additions$4.1M
Total expenses$532.8K
Benefits paid / distributions$474.6K
Contributions
Employer$113.3K
Participant$1M
Full reported line items

Net assets

Total assets (EOY)
$19,960,219
Total liabilities (EOY)
$0
Net assets (EOY)
$19,960,219
Net assets (BOY)
$16,397,752

Income & contributions

Employer contributions
$113,255
Participant contributions
$1,033,121
Total contributions
$1,173,695
Total income / additions
$4,095,242

Expenses & distributions

Benefits paid
$474,650
Administrative expenses
$57,386
Total expenses
$532,775
Net increase / (decrease)
$3,562,467
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 10%Participant 90%
Total expenses ÷ net assets3%Computed ratio
Benefits paid ÷ total income12%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Commonwealth Financial Network$40.1K
    INVESTMENT ADVISOR · Direct $40.1K
  2. 2
    Nationwide Life Insurance Co$21.1K
    INVESTMENT MANAGER · Direct $15.7K · Indirect $5.4K
  3. 3
    Planned Financial Programs Co$1.6K
    THIRD PARTY ADMINISTRATO · Direct $1.6K

Related Form 5500 pages