Purple Communications, Inc. 401(K) Plan — Form 5500 plan (Purple 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, Purple Communications, Inc. 401(K) Plan is a benefit plan reported by Purple Communications, Inc. under EIN 22-3693371 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,025 participants and $30,863,817 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$30.9MPlan net assets, end of year$30,863,817
Participants2KCovered participants reported2,025
Assets / participant$15.2KComputed: assets ÷ participants$15,241 (computed)
Provider compensation$193.5K4 Schedule C provider row(s)$193,492
- Plan sponsor
- Purple Communications, Inc.
- EIN
- 22-3693371
- Plan number
- 001
- Plan type
- 2
- Location
- Austin, TX
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,025 | H, C | 20241003054346NAL0005481619001 |
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)$30.9M total assets
Net assets$30.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $30,863,817
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,863,817
- Net assets (BOY)
- $25,010,013
Income & contributions
- Employer contributions
- $348,726
- Participant contributions
- $2,659,178
- Total contributions
- $3,357,526
- Total income / additions
- $7,906,339
Expenses & distributions
- Benefits paid
- $1,827,415
- Administrative expenses
- $193,494
- Total expenses
- $2,052,535
- Net increase / (decrease)
- $5,853,804
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $109,523 | $0 | 2023 |
| The Patriot Fncl Grp Insur. Agency, | INVESTMENT/FINANCIAL ADVI | $48,942 | $0 | 2023 |
| Securities America Advisors, Inc. | INVESTMENT/FINANCIAL ADVI | $35,027 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Purple Communications, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Austin, TX
- Adp, Inc. — Schedule C compensation
- The Patriot Fncl Grp Insur. Agency, — Schedule C compensation
- Securities America Advisors, Inc. — Schedule C compensation
- Adp Broker-Dealer — Schedule C compensation