Equisoft Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Equisoft 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, Equisoft Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Equisoft Inc under EIN 98-0607844 and plan number 002. The latest loaded filing year is 2023. The filing reports 175 participants and $12,803,374 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$12.8MPlan net assets, end of year$12,803,374
Participants175Covered participants reported
Assets / participant$73.2KComputed: assets ÷ participants$73,162 (computed)
Provider compensation$38.6K3 Schedule C provider row(s)$38,633
Plan sponsor
Equisoft Inc
EIN
98-0607844
Plan number
002
Plan type
2
Location
Philadelphia, PA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023175H, C20241010151315NAL0021316497001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$12.8M total assets
Net assets$12.8MLiabilities$0
Money in vs. money out
Total income / additions$4.3M
Total expenses$520.5K
Benefits paid / distributions$481.5K
Contributions
Employer$482K
Participant$1.8M
Full reported line items

Net assets

Total assets (EOY)
$12,803,374
Total liabilities (EOY)
$0
Net assets (EOY)
$12,803,374
Net assets (BOY)
$9,003,263

Income & contributions

Employer contributions
$482,002
Participant contributions
$1,752,307
Total contributions
$2,528,557
Total income / additions
$4,320,599

Expenses & distributions

Benefits paid
$481,505
Administrative expenses
$38,983
Total expenses
$520,488
Net increase / (decrease)
$3,800,111
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 22%Participant 78%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income11%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$28,591not reported in the loaded dataset2023
Empower Advisory Group, LLCINVESTMENT MGMT$7,692not reported in the loaded dataset2023
The Mandmarblestone Group LLCCONTRACT ADMIN$2,350not reported in the loaded dataset2023

Related Form 5500 pages