Suminoe Textile Of America Corp. 401(K) Plan — Form 5500 plan (Suminoe Textile Of America Corp.)
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, Suminoe Textile Of America Corp. 401(K) Plan is a benefit plan reported by Suminoe Textile Of America Corp. under EIN 51-0468488 and plan number 001. The latest loaded filing year is 2023. The filing reports 205 participants and $2,945,364 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Suminoe Textile Of America Corp.
- EIN
- 51-0468488
- Plan number
- 001
- Plan type
- 2
- Location
- Gaffney, SC
- Latest filing year
- 2023
- Participants
- 205
- End-of-year plan assets
- $2,945,364
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 205 | H, C | 20240806075411NAL0002004001001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,945,364
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,945,364
- Net assets (BOY)
- $2,649,361
Income & contributions
- Employer contributions
- $99,627
- Participant contributions
- $251,747
- Total contributions
- $351,374
- Total income / additions
- $817,133
Expenses & distributions
- Benefits paid
- $480,356
- Administrative expenses
- $40,774
- Total expenses
- $521,130
- Net increase / (decrease)
- $296,003
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Vanguard Group, Inc. | NONE | $29,120 | $0 | 2023 |
| First Heartland | NONE | $11,654 | not reported in the loaded dataset | 2023 |