2023 Form 5500 filing — Transit Employees 401k 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 20250131140134NAL0004034688001) for Transit Employees 401k Plan, reported by Springfield Area Transit Co Inc under EIN 04-3572241 and plan number 003. It reports 326 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250131140134NAL0004034688001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Springfield Area Transit Co Inc
- EIN
- 04-3572241
- Plan number
- 003
- Location
- Springfield, MA
- Participants
- 326
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,170,773
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,170,773
- Participant contributions
- $423,006
- Total income / additions
- $1,114,199
- Benefits paid
- $1,184,238
- Administrative expenses
- $32,444
- Total expenses
- $1,216,682
- Net increase / (decrease)
- -$102,483
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch Pierce Fenner Smith I | NONE | $16,698 | not reported in the loaded dataset |
| Pasi, LLC | NONE | $1,330 | $3,284 |
| Empower Annuity Insurance Company O | NONE | $1,472 | $0 |
| Empower Advisory Group, LLC | NONE | $942 | not reported in the loaded dataset |