Plan5500

Management Consulting, Inc. Profit Sharing 401(K) Plan — Form 5500 plan (Management Consulting, 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, Management Consulting, Inc. Profit Sharing 401(K) Plan is a benefit plan reported by Management Consulting, Inc. under EIN 54-1244651 and plan number 001. The latest loaded filing year is 2023. The filing reports 515 participants and $32,813,819 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Management Consulting, Inc.
EIN
54-1244651
Plan number
001
Plan type
2
Location
Virginia Beach, VA
Latest filing year
2023
Participants
515
End-of-year plan assets
$32,813,819

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023515H, C20240917115032NAL0002747473001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$32,813,819
Total liabilities (EOY)
$0
Net assets (EOY)
$32,813,819
Net assets (BOY)
$30,271,801

Income & contributions

Employer contributions
$769,139
Participant contributions
$996,185
Total contributions
$1,850,626
Total income / additions
$5,849,997

Expenses & distributions

Benefits paid
$3,173,333
Administrative expenses
$102,488
Total expenses
$3,307,979
Net increase / (decrease)
$2,542,018

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$45,000$02023
The Ascent Group, LLCINVESTMENT ADVISORY$42,992not reported in the loaded dataset2023
BdoCONTRACT ADMINISTRATOR$14,497not reported in the loaded dataset2023

Related Form 5500 pages