2023 Form 5500 filing — Systel Business Equipment Co., Inc. 401(K) Psp
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240530121414NAL0013458129001) for Systel Business Equipment Co., Inc. 401(K) Psp, reported by Systel Business Equipment Co., Inc. under EIN 56-1313968 and plan number 001. It reports 264 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240530121414NAL0013458129001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Systel Business Equipment Co., Inc.
- EIN
- 56-1313968
- Plan number
- 001
- Location
- Fayetteville, NC
- Participants
- 264
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,881,140
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,881,140
- Employer contributions
- $124,447
- Participant contributions
- $757,770
- Total income / additions
- $3,188,097
- Benefits paid
- $838,524
- Administrative expenses
- $45,515
- Total expenses
- $884,039
- Net increase / (decrease)
- $2,304,058
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $41,299 | $0 |
| Stifel Nicolaus & Co Inc | BROKER/ADVISER | $0 | $29,120 |
| Qrps, Inc. | CONTRACT ADMIN | $1,250 | $10,000 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $2,966 | not reported in the loaded dataset |
| Gwfs Equities Inc | RECORDKEEPER | $0 | $0 |