2023 Form 5500 filing — Southern Air, Inc. Cash Or Deferred Profit Sharing Plan
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 20240709130523NAL0020992176001) for Southern Air, Inc. Cash Or Deferred Profit Sharing Plan, reported by Southern Air Inc. under EIN 54-0604377 and plan number 002. It reports 913 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240709130523NAL0020992176001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Southern Air Inc.
- EIN
- 54-0604377
- Plan number
- 002
- Location
- Lynchburg, VA
- Participants
- 913
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $62,011,038
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $62,011,038
- Employer contributions
- $887,698
- Participant contributions
- $3,565,165
- Total income / additions
- $14,472,973
- Benefits paid
- $3,732,079
- Administrative expenses
- $72,585
- Total expenses
- $3,804,664
- Net increase / (decrease)
- $10,668,309
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $70,566 | $0 |