Sovereign Distributors, Inc. T/A Avalon Flooring 401(K) Plan — Form 5500 plan (Sovereign Distributors, Inc. T/A Avalon Flooring)

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, Sovereign Distributors, Inc. T/A Avalon Flooring 401(K) Plan is a benefit plan reported by Sovereign Distributors, Inc. T/A Avalon Flooring under EIN 22-2985143 and plan number 001. The latest loaded filing year is 2023. The filing reports 441 participants and $23,822,639 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Sovereign Distributors, Inc. T/A Avalon Flooring
EIN
22-2985143
Plan number
001
Plan type
2
Location
Cherry Hill, NJ
Latest filing year
2023
Participants
441
End-of-year plan assets
$23,822,639

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023441H, C20241014134333NAL0026303601001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$23,822,639
Total liabilities (EOY)
$0
Net assets (EOY)
$23,822,639
Net assets (BOY)
$20,924,199

Income & contributions

Employer contributions
$11,940
Participant contributions
$1,739,491
Total contributions
$2,072,339
Total income / additions
$5,347,169

Expenses & distributions

Benefits paid
$2,342,049
Administrative expenses
$106,680
Total expenses
$2,448,729
Net increase / (decrease)
$2,898,440

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Fidelity Investments InstitutionalRECORDKEEPER$60,001not reported in the loaded dataset2023
Cbiz Investment Advisory ServicesADVISOR$31,679not reported in the loaded dataset2023
Capaldi Reynolds & Pelosi, P.A.ACCOUNTANT/AUDITOR$15,000not reported in the loaded dataset2023

Related Form 5500 pages