Michael Saunders & Company And Msc Title, Inc. 401(K) Savings Plan — Form 5500 plan (Michael Saunders & Company)
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, Michael Saunders & Company And Msc Title, Inc. 401(K) Savings Plan is a benefit plan reported by Michael Saunders & Company under EIN 59-1677088 and plan number 001. The latest loaded filing year is 2023. The filing reports 145 participants and $7,121,891 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$7.1MPlan net assets, end of year$7,121,891
Participants145Covered participants reported
Assets / participant$49.1KComputed: assets ÷ participants$49,116 (computed)
Provider compensation$17.8K2 Schedule C provider row(s)$17,843
- Plan sponsor
- Michael Saunders & Company
- EIN
- 59-1677088
- Plan number
- 001
- Plan type
- 2
- Location
- Sarasota, FL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 145 | H, C | 20250113093006NAL0037085714001 |
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)$7.1M total assets
Net assets$7.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $7,121,891
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,121,891
- Net assets (BOY)
- $6,074,725
Income & contributions
- Employer contributions
- $288,506
- Participant contributions
- $470,350
- Total contributions
- $758,856
- Total income / additions
- $1,584,136
Expenses & distributions
- Benefits paid
- $534,576
- Administrative expenses
- $2,394
- Total expenses
- $536,970
- Net increase / (decrease)
- $1,047,166
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.
38%62%
Employer 38%Participant 62%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wells Fargo Clearing Services LLC | ADVISOR | $0 | $15,449 | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $2,394 | $0 | 2023 |