2023 Form 5500 filing — Swanson Industries, Inc. Profit Sharing 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 20241007133304NAL0027582816001) for Swanson Industries, Inc. Profit Sharing 401(K) Plan, reported by Swanson Industries, Inc. under EIN 55-0770512 and plan number 002. It reports 318 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007133304NAL0027582816001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Swanson Industries, Inc.
- EIN
- 55-0770512
- Plan number
- 002
- Location
- Morgantown, WV
- Participants
- 318
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $20,185,041
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,185,041
- Employer contributions
- $871,288
- Participant contributions
- $975,221
- Total income / additions
- $6,467,605
- Benefits paid
- $4,030,624
- Administrative expenses
- $45,267
- Total expenses
- $4,075,891
- Net increase / (decrease)
- $2,391,714
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| United Bank | ADVISOR | $36,516 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $8,751 | $0 |