2023 Form 5500 filing — Satellite Services, Inc. 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 20241014140035NAL0044787248001) for Satellite Services, Inc. 401(K) Profit Sharing Plan, reported by Satellite Services, Inc. under EIN 38-2380703 and plan number 001. It reports 275 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014140035NAL0044787248001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Satellite Services, Inc.
- EIN
- 38-2380703
- Plan number
- 001
- Location
- Marquette, MI
- Participants
- 275
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,281,753
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,281,753
- Employer contributions
- $231,762
- Participant contributions
- $330,713
- Total income / additions
- $1,891,177
- Benefits paid
- $1,002,719
- Administrative expenses
- $54,714
- Total expenses
- $1,057,516
- Net increase / (decrease)
- $833,661
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $28,764 | $0 |
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $25,938 | $22 |