Professional Billing, Inc. Profit Sharing Plan — Form 5500 plan (Professional Billing, 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, Professional Billing, Inc. Profit Sharing Plan is a benefit plan reported by Professional Billing, Inc. under EIN 63-0942496 and plan number 001. The latest loaded filing year is 2023. The filing reports 198 participants and $6,287,285 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Professional Billing, Inc.
- EIN
- 63-0942496
- Plan number
- 001
- Plan type
- 2
- Location
- Montgomery, AL
- Latest filing year
- 2023
- Participants
- 198
- End-of-year plan assets
- $6,287,285
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 198 | H, C | 20241015062626NAL0028877825001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,287,285
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,287,285
- Net assets (BOY)
- $5,353,277
Income & contributions
- Employer contributions
- $188,762
- Participant contributions
- $357,694
- Total contributions
- $728,399
- Total income / additions
- $1,640,116
Expenses & distributions
- Benefits paid
- $677,254
- Administrative expenses
- $28,854
- Total expenses
- $706,108
- Net increase / (decrease)
- $934,008
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ha & Wealth Management, LLC | INVESTMENT ADVISOR | $19,264 | not reported in the loaded dataset | 2023 |
| Azalea Administration, LLC | TPA | $3,352 | $2,706 | 2023 |
| Empower Annuity Life Insurance Co | RECORDKEEPER | $1,675 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Professional Billing, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Montgomery, AL
- Ha & Wealth Management, LLC — Schedule C compensation
- Azalea Administration, LLC — Schedule C compensation
- Empower Annuity Life Insurance Co — Schedule C compensation