Sandhills Independent School Corporation Defined Contribution Retirement Plan — Form 5500 plan (Sandhills Independent School Corporation)
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, Sandhills Independent School Corporation Defined Contribution Retirement Plan is a benefit plan reported by Sandhills Independent School Corporation under EIN 23-7125932 and plan number 001. The latest loaded filing year is 2023. The filing reports 161 participants and $7,262,461 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sandhills Independent School Corporation
- EIN
- 23-7125932
- Plan number
- 001
- Plan type
- 2
- Location
- Southern Pines, NC
- Latest filing year
- 2023
- Participants
- 161
- End-of-year plan assets
- $7,262,461
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 161 | H, C | 20241015205217NAL0030896289001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,262,461
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,262,461
- Net assets (BOY)
- $6,615,751
Income & contributions
- Employer contributions
- $116,874
- Participant contributions
- $240,932
- Total contributions
- $399,798
- Total income / additions
- $1,433,332
Expenses & distributions
- Benefits paid
- $774,805
- Administrative expenses
- $6,033
- Total expenses
- $786,622
- Net increase / (decrease)
- $646,710
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Vanguard | RECORDKEEPER | $5,805 | $0 | 2023 |
| Axa Equitable Life Insurance | RECORDKEEPER | $228 | $0 | 2023 |