Netspi 401(K) P/S Plan — Form 5500 plan (Netspi, LLC)

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, Netspi 401(K) P/S Plan is a benefit plan reported by Netspi, LLC under EIN 41-2002686 and plan number 001. The latest loaded filing year is 2023. The filing reports 368 participants and $23,262,377 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$23.3MPlan net assets, end of year$23,262,377
Participants368Covered participants reported
Assets / participant$63.2KComputed: assets ÷ participants$63,213 (computed)
Provider compensation$35.9K3 Schedule C provider row(s)$35,866
Plan sponsor
Netspi, LLC
EIN
41-2002686
Plan number
001
Plan type
2
Location
Minneapolis, MN
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023368H, C20241011153227NAL0023119953001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$23.3M total assets
Net assets$23.3MLiabilities$0
Money in vs. money out
Total income / additions$10M
Total expenses$655.3K
Benefits paid / distributions$619.4K
Contributions
Employer$1.8M
Participant$3.8M
Full reported line items

Net assets

Total assets (EOY)
$23,262,377
Total liabilities (EOY)
$0
Net assets (EOY)
$23,262,377
Net assets (BOY)
$13,869,710

Income & contributions

Employer contributions
$1,760,096
Participant contributions
$3,809,149
Total contributions
$6,443,604
Total income / additions
$10,047,936

Expenses & distributions

Benefits paid
$619,403
Administrative expenses
$35,866
Total expenses
$655,269
Net increase / (decrease)
$9,392,667
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 32%Participant 68%
Total expenses ÷ net assets3%Computed ratio
Benefits paid ÷ total income6%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Nfp Retirement IncINVESTMENT ADVISOR$33,866not reported in the loaded dataset2023
Capital Group Retirement Plan Svcs.RECORDKEEPER$1,900$02023
Midwest Pension & Profit Sharing SeCONTRACT ADMIN$100not reported in the loaded dataset2023

Related Form 5500 pages