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, Answernet 401(K) Savings Plan is a benefit plan reported by Answernet, Inc. under EIN 23-2967465 and plan number 001. The latest loaded filing year is 2023. The filing reports 856 participants and $2,069,175 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,069,175
- Total liabilities (EOY)
- $30,024
- Net assets (EOY)
- $2,039,151
- Net assets (BOY)
- $1,243,301
Income & contributions
- Employer contributions
- $98,556
- Participant contributions
- $399,760
- Total contributions
- $709,493
- Total income / additions
- $959,050
Expenses & distributions
- Benefits paid
- $151,251
- Administrative expenses
- $5,559
- Total expenses
- $163,200
- Net increase / (decrease)
- $795,850