Atlantic Bay Mortgage Group 401(K) Plan — Form 5500 plan (Atlantic Bay Mortgage Group, 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, Atlantic Bay Mortgage Group 401(K) Plan is a benefit plan reported by Atlantic Bay Mortgage Group, LLC under EIN 54-1822116 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,102 participants and $69,784,966 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Atlantic Bay Mortgage Group, LLC
EIN
54-1822116
Plan number
001
Plan type
3
Location
Virginia Beach, VA
Latest filing year
2023
Participants
1,102
End-of-year plan assets
$69,784,966

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,102H, C20240904142016NAL0020309873001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$69,784,966
Total liabilities (EOY)
$0
Net assets (EOY)
$69,784,966
Net assets (BOY)
$58,790,404

Income & contributions

Employer contributions
$1,441,710
Participant contributions
$5,819,253
Total contributions
$8,003,212
Total income / additions
$18,033,135

Expenses & distributions

Benefits paid
$6,790,562
Administrative expenses
$245,555
Total expenses
$7,038,573
Net increase / (decrease)
$10,994,562

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$208,077$02023
The Ascent Group, LLCINVESTMENT ADVISORY$37,478$222023

Related Form 5500 pages