Skyspecs 401(K) Plan — Form 5500 plan (Skyspecs, 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, Skyspecs 401(K) Plan is a benefit plan reported by Skyspecs, Inc. under EIN 45-4982494 and plan number 001. The latest loaded filing year is 2023. The filing reports 162 participants and $4,487,079 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$4.5MPlan net assets, end of year$4,487,079
Participants162Covered participants reported
Assets / participant$27.7KComputed: assets ÷ participants$27,698 (computed)
Provider compensation$24.9K3 Schedule C provider row(s)$24,910
- Plan sponsor
- Skyspecs, Inc.
- EIN
- 45-4982494
- Plan number
- 001
- Plan type
- 2
- Location
- Ann Arbor, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 162 | H, C | 20241014111622NAL0026015457001 |
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)$4.5M total assets
Net assets$4.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $4,487,079
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,487,079
- Net assets (BOY)
- $1,869,082
Income & contributions
- Employer contributions
- $676,140
- Participant contributions
- $1,523,447
- Total contributions
- $2,322,807
- Total income / additions
- $2,918,137
Expenses & distributions
- Benefits paid
- $265,752
- Administrative expenses
- $24,910
- Total expenses
- $300,140
- Net increase / (decrease)
- $2,617,997
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.
31%69%
Employer 31%Participant 69%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income9%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $14,113 | not reported in the loaded dataset | 2023 |
| Sigma Financial Corp. | ADVISOR | $10,580 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $217 | not reported in the loaded dataset | 2023 |