2023 Form 5500 filing — Sumitomo Machinery Corporation Of America Savings And Investment 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 20240923064435NAL0006476739001) for Sumitomo Machinery Corporation Of America Savings And Investment Plan, reported by Sumitomo Machinery Corporation Of America under EIN 22-1815055 and plan number 002. It reports 598 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240923064435NAL0006476739001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sumitomo Machinery Corporation Of America
- EIN
- 22-1815055
- Plan number
- 002
- Location
- Chesapeake, VA
- Participants
- 598
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $63,468,705
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $63,468,705
- Employer contributions
- $1,218,545
- Participant contributions
- $3,801,495
- Total income / additions
- $14,001,621
- Benefits paid
- $5,673,014
- Administrative expenses
- $116,636
- Total expenses
- $5,789,650
- Net increase / (decrease)
- $8,211,971
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $93,740 | $0 |
| Capitol Securities Mgmt. | INVESTMENT ADVISORY | $22,896 | $229 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |