2023 Form 5500 filing — Sovena Usa 401(K) & 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 20241002101605NAL0003943379001) for Sovena Usa 401(K) & Profit Sharing Plan, reported by Sovena Usa, Inc. under EIN 16-1397516 and plan number 001. It reports 191 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241002101605NAL0003943379001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sovena Usa, Inc.
- EIN
- 16-1397516
- Plan number
- 001
- Location
- Rome, NY
- Participants
- 191
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,754,128
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,754,128
- Employer contributions
- $418,817
- Participant contributions
- $495,493
- Total income / additions
- $2,614,989
- Benefits paid
- $452,094
- Administrative expenses
- $50,876
- Total expenses
- $523,164
- Net increase / (decrease)
- $2,091,825
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $26,472 | not reported in the loaded dataset |
| Hazard & Siegel Inc | ADVISOR | $24,404 | not reported in the loaded dataset |