2023 Form 5500 filing — Suminoe Textile Of America Corp. 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 20240806075411NAL0002004001001) for Suminoe Textile Of America Corp. 401(K) Plan, reported by Suminoe Textile Of America Corp. under EIN 51-0468488 and plan number 001. It reports 205 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240806075411NAL0002004001001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Suminoe Textile Of America Corp.
- EIN
- 51-0468488
- Plan number
- 001
- Location
- Gaffney, SC
- Participants
- 205
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,945,364
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,945,364
- Employer contributions
- $99,627
- Participant contributions
- $251,747
- Total income / additions
- $817,133
- Benefits paid
- $480,356
- Administrative expenses
- $40,774
- Total expenses
- $521,130
- Net increase / (decrease)
- $296,003
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| The Vanguard Group, Inc. | NONE | $29,120 | $0 |
| First Heartland | NONE | $11,654 | not reported in the loaded dataset |