Prevailing Multiple Employer Plan — Form 5500 plan (Security 1 Solutions 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, Prevailing Multiple Employer Plan is a benefit plan reported by Security 1 Solutions LLC under EIN 45-4454591 and plan number 001. The latest loaded filing year is 2023. The filing reports 251 participants and $3,727,731 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Security 1 Solutions LLC
- EIN
- 45-4454591
- Plan number
- 001
- Plan type
- 2
- Location
- Gaithersburg, MD
- Latest filing year
- 2023
- Participants
- 251
- End-of-year plan assets
- $3,727,731
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 251 | H, C | 20241015164340NAL0050508304001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,727,731
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,727,731
- Net assets (BOY)
- $2,567,952
Income & contributions
- Employer contributions
- $967,415
- Participant contributions
- $64,810
- Total contributions
- $1,032,225
- Total income / additions
- $1,289,577
Expenses & distributions
- Benefits paid
- $400,165
- Administrative expenses
- $41,566
- Total expenses
- $441,731
- Net increase / (decrease)
- $847,846
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Novus Advisors | INVESTMENT ADVISOR | $17,364 | not reported in the loaded dataset | 2023 |
| Specialized Plan Administrators | RECORDKEEPER | $14,672 | not reported in the loaded dataset | 2023 |
| Pentegra Services, Inc. | RECORDKEEPER | $8,324 | not reported in the loaded dataset | 2023 |
| Matrix | CUSTODIAN | $1,205 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Security 1 Solutions LLC
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Gaithersburg, MD
- Novus Advisors — Schedule C compensation
- Specialized Plan Administrators — Schedule C compensation
- Pentegra Services, Inc. — Schedule C compensation
- Matrix — Schedule C compensation