Norwood Clinic, Inc. 401(K) Profit Sharing Retirement Plan — Form 5500 plan (Norwood Clinic, 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, Norwood Clinic, Inc. 401(K) Profit Sharing Retirement Plan is a benefit plan reported by Norwood Clinic, Inc. under EIN 63-0715625 and plan number 007. The latest loaded filing year is 2023. The filing reports 122 participants and $10,615 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Norwood Clinic, Inc.
- EIN
- 63-0715625
- Plan number
- 007
- Plan type
- 2
- Location
- Fultondale, AL
- Latest filing year
- 2023
- Participants
- 122
- End-of-year plan assets
- $10,615
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 122 | H, C | 20241015085649NAL0048569776001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,615
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,615
- Net assets (BOY)
- $24,376,026
Income & contributions
- Employer contributions
- $24,422
- Participant contributions
- $45,050
- Total contributions
- $69,472
- Total income / additions
- $685,365
Expenses & distributions
- Benefits paid
- $25,007,083
- Administrative expenses
- $43,693
- Total expenses
- $25,050,776
- Net increase / (decrease)
- -$24,365,411
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Orenda Retirement LLC | CONTRACT ADMINISTRATOR | $45,177 | $3,195 | 2023 |
| Morgan Stanley Global | INVESTMENT ADVISORY | $14,107 | not reported in the loaded dataset | 2023 |
| Kassouf & Co P.C. | INVESTMENT ADVISORY | $13,665 | not reported in the loaded dataset | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $10,138 | $0 | 2023 |
| Charles Schwab & Co. Inc. | SECURITIES BROKERAGE | $7 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Norwood Clinic, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Fultondale, AL
- Orenda Retirement LLC — Schedule C compensation
- Morgan Stanley Global — Schedule C compensation
- Kassouf & Co P.C. — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation
- Charles Schwab & Co. Inc. — Schedule C compensation