Sterling Staffing, Inc. Employee Stock Ownership Plan — Form 5500 plan (Sterling Staffing, 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, Sterling Staffing, Inc. Employee Stock Ownership Plan is a benefit plan reported by Sterling Staffing, Inc. under EIN 36-2708254 and plan number 002. The latest loaded filing year is 2023. The filing reports 300 participants and $17,755,179 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$13.2MPlan net assets, end of year$13,171,793
Participants300Covered participants reported
Assets / participant$59.2KComputed: assets ÷ participants$59,184 (computed)
Provider compensationNone reported
Plan sponsor
Sterling Staffing, Inc.
EIN
36-2708254
Plan number
002
Plan type
2
Location
Westchester, IL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023300H20241015141615NAL0056604946001
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)$17.8M total assets
Net assets$13.2MLiabilities$4.6M
Money in vs. money out
Total income / additions$4.6M
Total expenses$1.8M
Benefits paid / distributions$1.7M
Contributions
Employer$2.1M
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$17,755,179
Total liabilities (EOY)
$4,583,386
Net assets (EOY)
$13,171,793
Net assets (BOY)
$10,349,434

Income & contributions

Employer contributions
$2,117,976
Total contributions
$2,117,976
Total income / additions
$4,631,553

Expenses & distributions

Benefits paid
$1,652,807
Administrative expenses
$1,821
Total expenses
$1,809,194
Net increase / (decrease)
$2,822,359
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.

Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income36%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages