2023 Form 5500 filing — Systems Technology, Inc. 401(K) Employee Stock Ownership 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 20240909135255NAL0007984896001) for Systems Technology, Inc. 401(K) Employee Stock Ownership Plan, reported by Systems Technology, Inc. under EIN 95-1957989 and plan number 002. It reports 57 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240909135255NAL0007984896001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Systems Technology, Inc.
- EIN
- 95-1957989
- Plan number
- 002
- Location
- Hawthorne, CA
- Participants
- 57
- Schedules available
- Schedule I, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $28,990,934
- Total liabilities (EOY)
- $9,363
- Net assets (EOY)
- $28,981,571
- Employer contributions
- $625,496
- Participant contributions
- $352,407
- Total income / additions
- $4,944,892
- Benefits paid
- $704,765
- Total expenses
- $709,422
- Net increase / (decrease)
- $4,235,470
- Schedule source
- Schedule I
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| United Planners Financial Services | BROKER/ADVISOR | $0 | $20,953 |
| Empower Advisory Grup | INVESTMENT MANAGER | $1,351 | $0 |
| Empower Annuity Insurance Co. | RECORDKEEPER | $295 | $0 |