2023 Form 5500 filing — Sumitomo Electric Group 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 20241010124730NAL0020988993001) for Sumitomo Electric Group 401(K) Plan, reported by Sumitomo Electric U.S.A Holdings, Inc. under EIN 56-1646307 and plan number 001. It reports 1,451 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010124730NAL0020988993001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sumitomo Electric U.S.A Holdings, Inc.
- EIN
- 56-1646307
- Plan number
- 001
- Location
- New York, NY
- Participants
- 1,451
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $177,936,422
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $177,936,422
- Employer contributions
- $4,030,938
- Participant contributions
- $7,713,589
- Total income / additions
- $37,341,173
- Benefits paid
- $17,218,426
- Administrative expenses
- $215,758
- Total expenses
- $17,508,773
- Net increase / (decrease)
- $19,832,400
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $148,486 | $0 |
| The Wagner Law Group | NONE | $52,983 | not reported in the loaded dataset |
| Capfinancial Partners LLC Dba Captr | OTHER | $15,635 | not reported in the loaded dataset |