Profinium 401(K) Plan — Form 5500 plan (Profinium Financial Holdings, 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, Profinium 401(K) Plan is a benefit plan reported by Profinium Financial Holdings, Inc. under EIN 41-1470223 and plan number 001. The latest loaded filing year is 2023. The filing reports 120 participants and $14,672,022 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Profinium Financial Holdings, Inc.
- EIN
- 41-1470223
- Plan number
- 001
- Plan type
- 2
- Location
- Fairmont, MN
- Latest filing year
- 2023
- Participants
- 120
- End-of-year plan assets
- $14,672,022
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 120 | H, C | 20240930155159NAL0010514496001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,672,022
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,672,022
- Net assets (BOY)
- $12,555,262
Income & contributions
- Employer contributions
- $446,607
- Participant contributions
- $695,105
- Total contributions
- $1,400,190
- Total income / additions
- $3,788,362
Expenses & distributions
- Benefits paid
- $1,633,066
- Administrative expenses
- $38,536
- Total expenses
- $1,671,602
- Net increase / (decrease)
- $2,116,760
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | FUND COMPANY RECORDKEEPER | $23,210 | not reported in the loaded dataset | 2023 |
| Tsc, Inc. | TPA | $9,558 | not reported in the loaded dataset | 2023 |
| Envestnet Retirement Solutions, LLC | INVESTMENT ADVISOR | $8,312 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $2,822 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Profinium Financial Holdings, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Fairmont, MN
- Empower Annuity Insurance Company O — Schedule C compensation
- Tsc, Inc. — Schedule C compensation
- Envestnet Retirement Solutions, LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation