Plan5500

Employment Services 401(K) Plan — Form 5500 plan (Employment Services, 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, Employment Services 401(K) Plan is a benefit plan reported by Employment Services, Inc. under EIN 54-1058176 and plan number 001. The latest loaded filing year is 2023. The filing reports 682 participants and $13,065,786 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$13.1MPlan net assets, end of year$13,065,786
Participants682Covered participants reported
Assets / participant$19.2KComputed: assets ÷ participants$19,158 (computed)
Provider compensation$60K3 Schedule C provider row(s)$60,002
Plan sponsor
Employment Services, Inc.
EIN
54-1058176
Plan number
001
Plan type
2
Location
Virginia Beach, VA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023682H, C20241015164119NAL0015096819001
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)$13.1M total assets
Net assets$13.1MLiabilities—
Money in vs. money out
Total income / additions$3.4M
Total expenses$1.8M
Benefits paid / distributions$1.7M
Contributions
Employer$310.3K
Participant$1.5M
Full reported line items

Net assets

Total assets (EOY)
$13,065,786
Net assets (EOY)
$13,065,786
Net assets (BOY)
$11,522,687

Income & contributions

Employer contributions
$310,323
Participant contributions
$1,515,304
Total contributions
$1,859,974
Total income / additions
$3,364,313

Expenses & distributions

Benefits paid
$1,713,951
Administrative expenses
$107,263
Total expenses
$1,821,214
Net increase / (decrease)
$1,543,099
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 17%Participant 83%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income51%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Barnes Tpa & Associates, LLCTPA$33,665$2,1022023
Royal Alliance Associates IncINVESTMENT ADVISORY0$0$24,2352023
Principal Life Insurance CompanyCONTRACT ADMINISTRATORnot reported in the loaded datasetnot reported in the loaded dataset2023

Related Form 5500 pages