Team Karl Malone 401(K) Plan — Form 5500 plan (Team Karl Malone)
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, Team Karl Malone 401(K) Plan is a benefit plan reported by Team Karl Malone under EIN 87-0571961 and plan number 002. The latest loaded filing year is 2023. The filing reports 598 participants and $20,167,816 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Team Karl Malone
- EIN
- 87-0571961
- Plan number
- 002
- Plan type
- 2
- Location
- Draper, UT
- Latest filing year
- 2023
- Participants
- 598
- End-of-year plan assets
- $20,167,816
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 598 | H, C | 20241015135530NAL0048238832001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,167,816
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,167,816
- Net assets (BOY)
- $15,063,839
Income & contributions
- Employer contributions
- $1,184,465
- Participant contributions
- $2,427,341
- Total contributions
- $3,683,210
- Total income / additions
- $6,254,072
Expenses & distributions
- Benefits paid
- $1,052,111
- Administrative expenses
- $97,984
- Total expenses
- $1,150,095
- Net increase / (decrease)
- $5,103,977
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $97,984 | $0 | 2023 |
| Global Retirement Partners LLC | INVESTMENT ADVISORY | $0 | $32,849 | 2023 |