American Business Group 401(K) Plan — Form 5500 plan (American Business Group)
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, American Business Group 401(K) Plan is a benefit plan reported by American Business Group under EIN 27-2355987 and plan number 002. The latest loaded filing year is 2023. The filing reports 215 participants and $10,701,415 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- American Business Group
- EIN
- 27-2355987
- Plan number
- 002
- Plan type
- 2
- Location
- Cottage Grove, MN
- Latest filing year
- 2023
- Participants
- 215
- End-of-year plan assets
- $10,701,415
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 215 | H, C | 20241003101849NAL0020306626001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,701,415
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,701,415
- Net assets (BOY)
- $8,864,152
Income & contributions
- Employer contributions
- $124,051
- Participant contributions
- $406,344
- Total contributions
- $826,608
- Total income / additions
- $2,152,657
Expenses & distributions
- Benefits paid
- $255,218
- Administrative expenses
- $33,006
- Total expenses
- $315,394
- Net increase / (decrease)
- $1,837,263
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ck Financial LLC Dba Icon Financial | INVESTMENT ADVISOR | $23,294 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $9,712 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for American Business Group
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Cottage Grove, MN
- Ck Financial LLC Dba Icon Financial — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation