Shamit Management 401(K) Plan — Form 5500 plan (Shamit Management Inc.)
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, Shamit Management 401(K) Plan is a benefit plan reported by Shamit Management Inc. under EIN 30-0175485 and plan number 001. The latest loaded filing year is 2023. The filing reports 257 participants and $2,599,990 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Shamit Management Inc.
- EIN
- 30-0175485
- Plan number
- 001
- Plan type
- 2
- Location
- Ellicott City, MD
- Latest filing year
- 2023
- Participants
- 257
- End-of-year plan assets
- $2,599,990
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 257 | H, C | 20240930053111NAL0002448867001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,599,990
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,599,990
- Net assets (BOY)
- $2,002,275
Income & contributions
- Employer contributions
- $42,760
- Participant contributions
- $360,958
- Total contributions
- $433,620
- Total income / additions
- $752,177
Expenses & distributions
- Benefits paid
- $133,962
- Administrative expenses
- $19,820
- Total expenses
- $154,462
- Net increase / (decrease)
- $597,715
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $13,780 | $0 | 2023 |
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $6,039 | $381 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |