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, Suncom Industries, Inc. 401(K) Plan is a benefit plan reported by Suncom Industries, Inc. under EIN 23-6420578 and plan number 001. The latest loaded filing year is 2023. The filing reports 115 participants and $3,644,058 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,644,058
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,644,058
- Net assets (BOY)
- $3,244,218
Income & contributions
- Employer contributions
- $81,957
- Participant contributions
- $85,366
- Total contributions
- $167,323
- Total income / additions
- $754,842
Expenses & distributions
- Benefits paid
- $354,977
- Administrative expenses
- $25
- Total expenses
- $355,002
- Net increase / (decrease)
- $399,840