Truth Initiative 401(K) Profit Sharing Plan — Form 5500 plan (Truth Initiative)
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, Truth Initiative 401(K) Profit Sharing Plan is a benefit plan reported by Truth Initiative under EIN 91-1956621 and plan number 001. The latest loaded filing year is 2023. The filing reports 240 participants and $53,391,108 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Truth Initiative
- EIN
- 91-1956621
- Plan number
- 001
- Plan type
- 2
- Location
- Washington, DC
- Latest filing year
- 2023
- Participants
- 240
- End-of-year plan assets
- $53,391,108
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 240 | H, C | 20240930140931NAL0005629041001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $53,391,108
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $53,391,108
- Net assets (BOY)
- $43,960,551
Income & contributions
- Employer contributions
- $1,750,311
- Participant contributions
- $1,336,356
- Total contributions
- $3,088,239
- Total income / additions
- $10,964,434
Expenses & distributions
- Benefits paid
- $1,533,877
- Administrative expenses
- $0
- Total expenses
- $1,533,877
- Net increase / (decrease)
- $9,430,557
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $56,103 | not reported in the loaded dataset | 2023 |
| Ascensus Inc | OTHER | $0 | $27,562 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $1,872 | $0 | 2023 |