The Sterling Group Employee Benefit Trust — Form 5500 plan (Sterling Management, Ltd.)
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, The Sterling Group Employee Benefit Trust is a benefit plan reported by Sterling Management, Ltd. under EIN 35-1494125 and plan number 501. The latest loaded filing year is 2023. The filing reports 204 participants and $53,304 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$53.3KPlan net assets, end of year$53,304
Participants204Covered participants reported
Assets / participant$261Computed: assets ÷ participants$261 (computed)
Provider compensation$271.4K3 Schedule C provider row(s)$271,369
- Plan sponsor
- Sterling Management, Ltd.
- EIN
- 35-1494125
- Plan number
- 501
- Plan type
- 2
- Location
- Mishawaka, IN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 204 | H, C | 20241012105352NAL0023387809001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$53.3K total assets
Net assets$53.3KLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $53,304
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $53,304
- Net assets (BOY)
- $31,082
Income & contributions
- Employer contributions
- $1,768,156
- Participant contributions
- $520,712
- Total contributions
- $2,288,868
- Total income / additions
- $2,293,889
Expenses & distributions
- Benefits paid
- $1,922,415
- Administrative expenses
- $349,252
- Total expenses
- $2,271,667
- Net increase / (decrease)
- $22,222
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
77%23%
Employer 77%Participant 23%
Total expenses ÷ net assets4262%Computed ratio
Benefits paid ÷ total income84%Computed ratio
Provider comp. ÷ net assets509%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Umr, Inc. | NONE | $198,797 | $8,439 | 2023 |
| Gibson Insurance Agency, Inc. | NONE | $54,633 | not reported in the loaded dataset | 2023 |
| Lm Henderson & Co., Llp | NONE | $9,500 | not reported in the loaded dataset | 2023 |