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, Salem Electric Company Retirement Savings Plan is a benefit plan reported by Salem Electric Company, Inc under EIN 56-0633616 and plan number 001. The latest loaded filing year is 2023. The filing reports 173 participants and $14,677,728 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,677,728
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,677,728
- Net assets (BOY)
- $12,820,350
Income & contributions
- Employer contributions
- $585,133
- Participant contributions
- $761,974
- Total contributions
- $1,347,107
- Total income / additions
- $3,417,581
Expenses & distributions
- Benefits paid
- $1,502,263
- Administrative expenses
- $57,940
- Total expenses
- $1,560,203
- Net increase / (decrease)
- $1,857,378