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, System Freight Inc. 401(K) Profit Sharing Plan is a benefit plan reported by System Freight, Inc. under EIN 22-2063135 and plan number 001. The latest loaded filing year is 2023. The filing reports 491 participants and $13,475,513 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,475,513
- Total liabilities (EOY)
- $348,471
- Net assets (EOY)
- $13,127,042
- Net assets (BOY)
- $10,738,043
Income & contributions
- Employer contributions
- $429,461
- Participant contributions
- $1,245,307
- Total contributions
- $1,901,616
- Total income / additions
- $3,776,281
Expenses & distributions
- Benefits paid
- $1,305,416
- Administrative expenses
- $75,345
- Total expenses
- $1,387,282
- Net increase / (decrease)
- $2,388,999