2023 Form 5500 filing — Sumitomo Mitsui Banking Corporation 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 20241001160059NAL0007069265001) for Sumitomo Mitsui Banking Corporation 401(K) Plan, reported by Sumitomo Mitsui Banking Corporation under EIN 13-5611820 and plan number 002. It reports 4,677 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001160059NAL0007069265001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sumitomo Mitsui Banking Corporation
- EIN
- 13-5611820
- Plan number
- 002
- Location
- New York, NY
- Participants
- 4,677
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $619,776,939
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $619,776,939
- Employer contributions
- $19,991,229
- Participant contributions
- $58,821,911
- Total income / additions
- $189,323,638
- Benefits paid
- $41,890,788
- Administrative expenses
- $643,362
- Total expenses
- $42,663,083
- Net increase / (decrease)
- $146,660,555
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Life & Annuity Insurance Co | RECORDKEEPER | $513,362 | $0 |
| Capfinancial Partners LLC Dba Captr | NONE | $110,000 | not reported in the loaded dataset |
| Cohnreznick Llp | NONE | $20,000 | not reported in the loaded dataset |