Momentum Telecom, Inc. 401(K) Plan — Form 5500 plan (Momentum Telecom, 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, Momentum Telecom, Inc. 401(K) Plan is a benefit plan reported by Momentum Telecom, Inc. under EIN 63-1248402 and plan number 001. The latest loaded filing year is 2023. The filing reports 603 participants and $39,284,928 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Momentum Telecom, Inc.
- EIN
- 63-1248402
- Plan number
- 001
- Plan type
- 2
- Location
- Atlanta, GA
- Latest filing year
- 2023
- Participants
- 603
- End-of-year plan assets
- $39,284,928
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 603 | H, C | 20240911114520NAL0003608211001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $39,284,928
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $39,284,928
- Net assets (BOY)
- $30,919,517
Income & contributions
- Employer contributions
- $1,174,349
- Participant contributions
- $2,395,971
- Total contributions
- $4,559,932
- Total income / additions
- $10,187,638
Expenses & distributions
- Benefits paid
- $1,703,630
- Administrative expenses
- $118,597
- Total expenses
- $1,822,227
- Net increase / (decrease)
- $8,365,411
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $46,765 | $0 | 2023 |
| Capfinancial Partners LLC Dba Captr | INVESTMENT ADVISOR | $35,000 | not reported in the loaded dataset | 2023 |
| Mcgladrey Llp | AUDITOR | $21,800 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $18,814 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Momentum Telecom, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in GA
- 401(k) and benefit plan filings in Atlanta, GA
- Empower Annuity Insurance Company — Schedule C compensation
- Capfinancial Partners LLC Dba Captr — Schedule C compensation
- Mcgladrey Llp — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation