2023 Form 5500 filing — Socotec, Inc. 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 20240917064816NAL0004547472001) for Socotec, Inc. Profit Sharing Plan, reported by Socotec, Inc. under EIN 13-1584475 and plan number 001. It reports 623 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240917064816NAL0004547472001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Socotec, Inc.
- EIN
- 13-1584475
- Plan number
- 001
- Location
- New York, NY
- Participants
- 623
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $81,820,851
- Total liabilities (EOY)
- $23,640
- Net assets (EOY)
- $81,797,211
- Employer contributions
- $1,293,814
- Participant contributions
- $4,352,150
- Total income / additions
- $22,889,819
- Benefits paid
- $5,832,222
- Administrative expenses
- $245,956
- Total expenses
- $6,097,268
- Net increase / (decrease)
- $16,792,551
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISORY | $127,476 | not reported in the loaded dataset |
| Empower Life & Annuity Insurance | RECORDKEEPER | $84,287 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $25,146 | not reported in the loaded dataset |
| Associated Pension Consultants, Inc | CONTRACT ADMINISTRATOR | $11,901 | $10,000 |
| First American Bank | OTHER | $3,485 | not reported in the loaded dataset |