Plan5500

Static Control Components, Inc. 401(K) Salary Reduction Plan — Form 5500 plan (Static Control Components, 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, Static Control Components, Inc. 401(K) Salary Reduction Plan is a benefit plan reported by Static Control Components, Inc. under EIN 56-1576062 and plan number 001. The latest loaded filing year is 2023. The filing reports 252 participants and $14,898,090 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$14.9MPlan net assets, end of year$14,898,090
Participants252Covered participants reported
Assets / participant$59.1KComputed: assets ÷ participants$59,119 (computed)
Provider compensation$37.7K2 Schedule C provider row(s)$37,706
Plan sponsor
Static Control Components, Inc.
EIN
56-1576062
Plan number
001
Plan type
2
Location
Sanford, NC
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    252 participants · 2Sch HSch C
    View filing →
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)$14.9M total assets
Net assets$14.9MLiabilities$0
Money in vs. money out
Total income / additions$2.9M
Total expenses$3.4M
Benefits paid / distributions$3.3M
Contributions
Employer$97.9K
Participant$562K
Full reported line items

Net assets

Total assets (EOY)
$14,898,090
Total liabilities (EOY)
$0
Net assets (EOY)
$14,898,090
Net assets (BOY)
$15,351,705

Income & contributions

Employer contributions
$97,851
Participant contributions
$562,044
Total contributions
$659,895
Total income / additions
$2,905,634

Expenses & distributions

Benefits paid
$3,302,860
Administrative expenses
$37,706
Total expenses
$3,359,249
Net increase / (decrease)
-$453,615
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.

Contribution share (employer vs. participant)
Employer 15%Participant 85%
Total expenses ÷ net assets23%Computed ratio
Benefits paid ÷ total income114%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Raymond James$37K
    INVESTMENT ADVISOR · Direct $37K
  2. 2
    Jpmorgan Invest Holdings LLC$675
    RECORDKEEPER · Direct $675 · Indirect $0

What to inspect next

Frequently asked questions

Who sponsors the Static Control Components, Inc. 401(K) Salary Reduction Plan?
Static Control Components, Inc. 401(K) Salary Reduction Plan is reported as sponsored by Static Control Components, Inc. (EIN 56-1576062, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Static Control Components, Inc. 401(K) Salary Reduction Plan?
The latest Form 5500 filing year loaded for Static Control Components, Inc. 401(K) Salary Reduction Plan is 2023.
How many participants does Static Control Components, Inc. 401(K) Salary Reduction Plan report?
Static Control Components, Inc. 401(K) Salary Reduction Plan reports 252 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Static Control Components, Inc. 401(K) Salary Reduction Plan?
Static Control Components, Inc. 401(K) Salary Reduction Plan reports $14,898,090 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages