2023 Form 5500 filing — Southgate Automotive, Inc. 401(K) Plan & Trust
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 20241009084046NAL0030753200001) for Southgate Automotive, Inc. 401(K) Plan & Trust, reported by Southgate Automotive, Inc. under EIN 38-2452677 and plan number 002. It reports 208 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009084046NAL0030753200001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Southgate Automotive, Inc.
- EIN
- 38-2452677
- Plan number
- 002
- Location
- Southgate, MI
- Participants
- 208
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,509,641
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,509,641
- Employer contributions
- $130,557
- Participant contributions
- $514,219
- Total income / additions
- $3,869,075
- Benefits paid
- $2,036,260
- Administrative expenses
- $3,711
- Total expenses
- $2,069,656
- Net increase / (decrease)
- $1,799,419
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $400 | $0 |