2023 Form 5500 filing — Sonalysts, Inc. Employee Stock Ownership 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 20250529150625NAL0007452513001) for Sonalysts, Inc. Employee Stock Ownership Plan, reported by Sonalysts, Inc under EIN 06-0902362 and plan number 002. It reports 550 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250529150625NAL0007452513001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sonalysts, Inc
- EIN
- 06-0902362
- Plan number
- 002
- Location
- Waterford, CT
- Participants
- 550
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $125,286,205
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $125,286,205
- Employer contributions
- $7,439,779
- Total income / additions
- $19,015,009
- Benefits paid
- $11,684,507
- Administrative expenses
- $131,707
- Total expenses
- $11,816,214
- Net increase / (decrease)
- $7,198,795
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Houlihan Lokey Financial Advisors | PARTY-IN-INTEREST | $79,125 | not reported in the loaded dataset |
| Principal Financial Group | PARTY-IN-INTERST | $26,382 | not reported in the loaded dataset |
| Cohnreznick Llp | PARTY-IN-INTERST | $16,300 | not reported in the loaded dataset |
| Citizens Bank | PARTY-IN-INTEREST | $9,180 | not reported in the loaded dataset |