The Prophet Corporation Tax Deferred Savings Plan & Trust — Form 5500 plan (The Prophet Corporation)
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 Prophet Corporation Tax Deferred Savings Plan & Trust is a benefit plan reported by The Prophet Corporation under EIN 41-1362423 and plan number 002. The latest loaded filing year is 2023. The filing reports 201 participants and $9,778,297 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Prophet Corporation
- EIN
- 41-1362423
- Plan number
- 002
- Plan type
- 2
- Location
- Owatonna, MN
- Latest filing year
- 2023
- Participants
- 201
- End-of-year plan assets
- $9,778,297
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 201 | H, C | 20241015130743NAL0028520513001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,778,297
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,778,297
- Net assets (BOY)
- $7,978,537
Income & contributions
- Employer contributions
- $296,876
- Participant contributions
- $675,932
- Total contributions
- $1,040,643
- Total income / additions
- $2,549,927
Expenses & distributions
- Benefits paid
- $695,120
- Administrative expenses
- $55,047
- Total expenses
- $750,167
- Net increase / (decrease)
- $1,799,760
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $33,249 | $0 | 2023 |
| Christensen Group Financial LLC | INVESTMENT ADVISOR | $21,798 | not reported in the loaded dataset | 2023 |