Plan5500

The Farbman Group 401(K) Plan — Form 5500 plan (The Farbman 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, The Farbman Group 401(K) Plan is a benefit plan reported by The Farbman Group under EIN 38-2143548 and plan number 001. The latest loaded filing year is 2023. The filing reports 159 participants and $10,800,551 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
The Farbman Group
EIN
38-2143548
Plan number
001
Plan type
2
Location
Southfield, MI
Latest filing year
2023
Participants
159
End-of-year plan assets
$10,800,551

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023159H, C20241014104122NAL0025946769001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$10,800,551
Total liabilities (EOY)
$0
Net assets (EOY)
$10,800,551
Net assets (BOY)
$9,067,753

Income & contributions

Employer contributions
$69,819
Participant contributions
$797,396
Total contributions
$900,972
Total income / additions
$2,575,240

Expenses & distributions

Benefits paid
$849,242
Administrative expenses
-$6,800
Total expenses
$842,442
Net increase / (decrease)
$1,732,798

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Raymond James Financial ServicesADVISOR$0$19,2722023
Purshe Kaplan Sterling InvADVISOR$0$4,1632023
Fidelity Investments InstitutionalRECORDKEEPER-$6,800$02023

Related Form 5500 pages