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, First Rate, Inc. Profit Sharing Plan (With 401(K) Safe Harbor Provisions) is a benefit plan reported by First Rate, Inc. under EIN 75-2391523 and plan number 001. The latest loaded filing year is 2023. The filing reports 109 participants and $28,941,956 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $28,941,956
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,941,956
- Net assets (BOY)
- $25,774,909
Income & contributions
- Employer contributions
- $1,068,540
- Participant contributions
- $762,669
- Total contributions
- $1,845,386
- Total income / additions
- $5,434,422
Expenses & distributions
- Benefits paid
- $2,256,837
- Administrative expenses
- $10,359
- Total expenses
- $2,267,375
- Net increase / (decrease)
- $3,167,047