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, Southern Innovations, LLC 401(K) Profit Sharing Plan is a benefit plan reported by Southern Innovations, LLC under EIN 06-1653969 and plan number 002. The latest loaded filing year is 2023. The filing reports 185 participants and $16,387,037 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,387,037
- Net assets (EOY)
- $16,387,037
- Net assets (BOY)
- $12,038,270
Income & contributions
- Employer contributions
- $807,768
- Participant contributions
- $1,627,288
- Total contributions
- $2,435,056
- Total income / additions
- $4,950,276
Expenses & distributions
- Benefits paid
- $564,044
- Administrative expenses
- $37,465
- Total expenses
- $601,509
- Net increase / (decrease)
- $4,348,767