Absolute Business Solutions 401(K) Profit Sharing Plan — Form 5500 plan (Absolute Business Solutions Incorporated)
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, Absolute Business Solutions 401(K) Profit Sharing Plan is a benefit plan reported by Absolute Business Solutions Incorporated under EIN 54-2061431 and plan number 001. The latest loaded filing year is 2023. The filing reports 241 participants and $12,142,717 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Absolute Business Solutions Incorporated
- EIN
- 54-2061431
- Plan number
- 001
- Plan type
- 2
- Location
- Mclean, VA
- Latest filing year
- 2023
- Participants
- 241
- End-of-year plan assets
- $12,142,717
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 241 | H, C | 20241007125906NAL0015192977001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,142,717
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,142,717
- Net assets (BOY)
- $8,798,929
Income & contributions
- Employer contributions
- $491,739
- Participant contributions
- $1,188,238
- Total contributions
- $2,369,589
- Total income / additions
- $4,171,692
Expenses & distributions
- Benefits paid
- $819,251
- Administrative expenses
- $8,653
- Total expenses
- $827,904
- Net increase / (decrease)
- $3,343,788
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Truist Advisory Services Inc | INVESTMENT ADVISOR | $13,314 | not reported in the loaded dataset | 2023 |
| Pbmares, Llp | TPA | $3,480 | $0 | 2023 |
| Transamerica Life Insurance Co. | RECORDKEEPER | $3,106 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Absolute Business Solutions Incorporated
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Mclean, VA
- Truist Advisory Services Inc — Schedule C compensation
- Pbmares, Llp — Schedule C compensation
- Transamerica Life Insurance Co. — Schedule C compensation