Steelfab, Inc. Profit Sharing And 401(K) Plan — Form 5500 plan (Steelfab, 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, Steelfab, Inc. Profit Sharing And 401(K) Plan is a benefit plan reported by Steelfab, Inc. under EIN 56-0713333 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,912 participants and $83,912,339 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Steelfab, Inc.
EIN
56-0713333
Plan number
001
Plan type
3
Location
Charlotte, NC
Latest filing year
2023
Participants
1,912
End-of-year plan assets
$83,912,339

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,912H, C20250109164217NAL0007135699001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$83,912,339
Total liabilities (EOY)
$0
Net assets (EOY)
$83,912,339
Net assets (BOY)
$63,760,532

Income & contributions

Employer contributions
$8,321,907
Participant contributions
$7,010,368
Total contributions
$15,554,844
Total income / additions
$26,182,286

Expenses & distributions

Benefits paid
$5,747,662
Administrative expenses
$242,293
Total expenses
$6,030,479
Net increase / (decrease)
$20,151,807

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$161,083$02023
NfpCONTRACT ADMINISTRATOR$81,210not reported in the loaded dataset2023

Related Form 5500 pages