Swank Tek Inc 401(K) Plan — Form 5500 plan (Swank Tek 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, Swank Tek Inc 401(K) Plan is a benefit plan reported by Swank Tek Inc under EIN 20-5101999 and plan number 001. The latest loaded filing year is 2023. The filing reports 223 participants and $3,157,270 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Swank Tek Inc
- EIN
- 20-5101999
- Plan number
- 001
- Plan type
- 2
- Location
- Nutley, NJ
- Latest filing year
- 2023
- Participants
- 223
- End-of-year plan assets
- $3,157,270
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 223 | H, C | 20240819050939NAL0002245232001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,157,270
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,157,270
- Net assets (BOY)
- $2,296,426
Income & contributions
- Participant contributions
- $585,370
- Total contributions
- $590,933
- Total income / additions
- $1,065,030
Expenses & distributions
- Benefits paid
- $198,193
- Administrative expenses
- $550
- Total expenses
- $204,186
- Net increase / (decrease)
- $860,844
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $550 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |
| M Holdings Securities | ADVISOR | $0 | $0 | 2023 |