Kern Regional Center Defined Benefit Retirement Plan — Form 5500 plan (Kern Regional Center)
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, Kern Regional Center Defined Benefit Retirement Plan is a benefit plan reported by Kern Regional Center under EIN 23-7115846 and plan number 003. The latest loaded filing year is 2023. The filing reports 275 participants and $55,212,086 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Kern Regional Center
- EIN
- 23-7115846
- Plan number
- 003
- Plan type
- 2
- Location
- Bakersfield, CA
- Latest filing year
- 2023
- Participants
- 275
- End-of-year plan assets
- $55,212,086
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 275 | H, C | 20250404102833NAL0007311939001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $55,212,086
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $55,212,086
- Net assets (BOY)
- $45,031,584
Income & contributions
- Employer contributions
- $7,500,000
- Total contributions
- $7,500,000
- Total income / additions
- $12,743,707
Expenses & distributions
- Benefits paid
- $2,532,417
- Administrative expenses
- $30,788
- Total expenses
- $2,563,205
- Net increase / (decrease)
- $10,180,502
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pensionmark Financial Group LLC | INVESTMENT ADVISOR | $43,771 | not reported in the loaded dataset | 2023 |
| Empower Annuity Ins Co Of America | RECORDKEEPER | $0 | $0 | 2023 |