Sumitomo Machinery Corporation Of America Savings And Investment Plan — Form 5500 plan (Sumitomo Machinery Corporation Of America)
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, Sumitomo Machinery Corporation Of America Savings And Investment Plan is a benefit plan reported by Sumitomo Machinery Corporation Of America under EIN 22-1815055 and plan number 002. The latest loaded filing year is 2023. The filing reports 598 participants and $63,468,705 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sumitomo Machinery Corporation Of America
- EIN
- 22-1815055
- Plan number
- 002
- Plan type
- 2
- Location
- Chesapeake, VA
- Latest filing year
- 2023
- Participants
- 598
- End-of-year plan assets
- $63,468,705
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 598 | H, C | 20240923064435NAL0006476739001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $63,468,705
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $63,468,705
- Net assets (BOY)
- $55,256,734
Income & contributions
- Employer contributions
- $1,218,545
- Participant contributions
- $3,801,495
- Total contributions
- $5,272,443
- Total income / additions
- $14,001,621
Expenses & distributions
- Benefits paid
- $5,673,014
- Administrative expenses
- $116,636
- Total expenses
- $5,789,650
- Net increase / (decrease)
- $8,211,971
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $93,740 | $0 | 2023 |
| Capitol Securities Mgmt. | INVESTMENT ADVISORY | $22,896 | $229 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Sumitomo Machinery Corporation Of America
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Chesapeake, VA
- Principal Life Insurance Company — Schedule C compensation
- Capitol Securities Mgmt. — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation