Transit Employees 401k Plan — Form 5500 plan (Springfield Area Transit Co Inc)
Plain-English plan 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, Transit Employees 401k Plan is a benefit plan reported by Springfield Area Transit Co Inc under EIN 04-3572241 and plan number 003. The latest loaded filing year is 2023. The filing reports 326 participants and $7,170,773 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Springfield Area Transit Co Inc
- EIN
- 04-3572241
- Plan number
- 003
- Plan type
- 2
- Location
- Springfield, MA
- Latest filing year
- 2023
- Participants
- 326
- End-of-year plan assets
- $7,170,773
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 326 | H, C | 20250131140134NAL0004034688001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,170,773
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,170,773
- Net assets (BOY)
- $7,273,256
Income & contributions
- Participant contributions
- $423,006
- Total contributions
- $423,035
- Total income / additions
- $1,114,199
Expenses & distributions
- Benefits paid
- $1,184,238
- Administrative expenses
- $32,444
- Total expenses
- $1,216,682
- Net increase / (decrease)
- -$102,483
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner Smith I | NONE | $16,698 | not reported in the loaded dataset | 2023 |
| Pasi, LLC | NONE | $1,330 | $3,284 | 2023 |
| Empower Annuity Insurance Company O | NONE | $1,472 | $0 | 2023 |
| Empower Advisory Group, LLC | NONE | $942 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Springfield Area Transit Co Inc
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Springfield, MA
- Merrill Lynch Pierce Fenner Smith I — Schedule C compensation
- Pasi, LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation