Plan5500

Rekor Systems, Inc. 401(K) Plan — Form 5500 plan (Rekor Systems, 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, Rekor Systems, Inc. 401(K) Plan is a benefit plan reported by Rekor Systems, Inc. under EIN 81-5266334 and plan number 001. The latest loaded filing year is 2023. The filing reports 527 participants and $11,624,136 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Rekor Systems, Inc.
EIN
81-5266334
Plan number
001
Plan type
2
Location
Columbia, MD
Latest filing year
2023
Participants
527
End-of-year plan assets
$11,624,136

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023527H, C20240913113026NAL0009854353001
2023297H, C20241015150024NAL0014903683001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$7,225,099
Total liabilities (EOY)
$0
Net assets (EOY)
$7,225,099
Net assets (BOY)
$4,841,883

Income & contributions

Employer contributions
$594,902
Participant contributions
$1,637,933
Total contributions
$2,451,782
Total income / additions
$3,424,023

Expenses & distributions

Benefits paid
$1,112,086
Administrative expenses
$78,514
Total expenses
$1,244,540
Net increase / (decrease)
$2,179,483

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Commonwealth Equity Services, ImcINVESTMENT ADVISOR$43,308not reported in the loaded dataset2023
Adp Retirement Plan ServicesRECORDKEEPER$35,206not reported in the loaded dataset2023
Potomac Wealth ManagementINVESTMENT ADVISOR$24,319not reported in the loaded dataset2023

Related Form 5500 pages