2023 Form 5500 filing — South Atlantic Services, Inc. 401(K) 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 20240801074311NAL0015016355001) for South Atlantic Services, Inc. 401(K) Plan, reported by South Atlantic Services, Inc. under EIN 56-0956028 and plan number 003. It reports 328 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240801074311NAL0015016355001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- South Atlantic Services, Inc.
- EIN
- 56-0956028
- Plan number
- 003
- Location
- Wilmington, NC
- Participants
- 328
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,050,345
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,050,345
- Employer contributions
- $533,948
- Participant contributions
- $993,127
- Total income / additions
- $3,621,559
- Benefits paid
- $1,495,845
- Administrative expenses
- $49,392
- Total expenses
- $1,550,447
- Net increase / (decrease)
- $2,071,112
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Captrust Financial Advisors | INVESTMENT ADVISORY PLAN | $25,000 | not reported in the loaded dataset |
| Transamerica Retirement Solutions | RECORDKEEPER | $17,558 | $0 |
| Qrps, Inc. | RECORDKEEPER | $6,834 | $0 |