Socotec, Inc. Profit Sharing Plan — Form 5500 plan (Socotec, 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, Socotec, Inc. Profit Sharing Plan is a benefit plan reported by Socotec, Inc. under EIN 13-1584475 and plan number 001. The latest loaded filing year is 2023. The filing reports 623 participants and $81,820,851 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Socotec, Inc.
- EIN
- 13-1584475
- Plan number
- 001
- Plan type
- 2
- Location
- New York, NY
- Latest filing year
- 2023
- Participants
- 623
- End-of-year plan assets
- $81,820,851
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 623 | H, C | 20240917064816NAL0004547472001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $81,820,851
- Total liabilities (EOY)
- $23,640
- Net assets (EOY)
- $81,797,211
- Net assets (BOY)
- $63,538,775
Income & contributions
- Employer contributions
- $1,293,814
- Participant contributions
- $4,352,150
- Total contributions
- $8,876,512
- Total income / additions
- $22,889,819
Expenses & distributions
- Benefits paid
- $5,832,222
- Administrative expenses
- $245,956
- Total expenses
- $6,097,268
- Net increase / (decrease)
- $16,792,551
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISORY | $127,476 | not reported in the loaded dataset | 2023 |
| Empower Life & Annuity Insurance | RECORDKEEPER | $84,287 | $0 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $25,146 | not reported in the loaded dataset | 2023 |
| Associated Pension Consultants, Inc | CONTRACT ADMINISTRATOR | $11,901 | $10,000 | 2023 |
| First American Bank | OTHER | $3,485 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Socotec, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in New York, NY
- Merrill Lynch Pierce Fenner & Smith — Schedule C compensation
- Empower Life & Annuity Insurance — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Associated Pension Consultants, Inc — Schedule C compensation
- First American Bank — Schedule C compensation