Bestpass Inc 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Bestpass 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, Bestpass Inc 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Bestpass Inc under EIN 36-4535141 and plan number 001. The latest loaded filing year is 2023. The filing reports 166 participants and $9,688,241 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bestpass Inc
- EIN
- 36-4535141
- Plan number
- 001
- Plan type
- 2
- Location
- Albany, NY
- Latest filing year
- 2023
- Participants
- 166
- End-of-year plan assets
- $9,688,241
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 166 | H, C | 20241009124616NAL0009203475001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,688,241
- Total liabilities (EOY)
- $1,059
- Net assets (EOY)
- $9,687,182
- Net assets (BOY)
- $6,925,928
Income & contributions
- Employer contributions
- $739,183
- Participant contributions
- $1,251,103
- Total contributions
- $2,248,206
- Total income / additions
- $3,805,137
Expenses & distributions
- Benefits paid
- $1,022,925
- Administrative expenses
- $15,528
- Total expenses
- $1,043,883
- Net increase / (decrease)
- $2,761,254
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Strategic Pension Services LLC | TPA | $9,526 | not reported in the loaded dataset | 2023 |
| Jpmorgan Invest Holdings LLC | RECORDKEEPER | $300 | $0 | 2023 |